The size of the company can vary greatly in construction and building industry. Consequently, there are great differences between individual construction jobs. The most basic division is along the lines of commercial and residential projects. Companies working in commercial segment are typically medium to large size. In many aspects, they behave and function like corporations. They adopt similar processes and profitability and efficiency are one of the main goals. Projects usually go through the process of preparation and submission of bid package.
- Projects range from large scale, taking years to complete, to small scale, which take only a few months.
- Companies use bidding software and bid templates to create thorough proposals for projects.
- Technology is important in the industry, with heavy equipment being essential for completing jobs.
“It can include all types of construction structures, for example, Buildings, bridges, roads, etc.”