Structural problems faced in the construction industry, engineering homework help

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Project title: Structural problems faced in the construction industry- with problem specific solution- case study Chapter 1: (1 or 2 pages):  Aim of project (what you do in this project)  Methodology adopted (how you get the real time information needed for the project)  Coverage of Solution (from where you get the solutions and how much study you do in the library/ internet for solutions) Chapter 2: Literature review. (8 t o12 Pages)  General problems faced in construction industry (collected from websitewith reference) Chapter 3: (8 to 10 pages)  Structural problems faced by local industries. (Interviews – questions answers with graphs/tables) Chapter 4 is not needed Chapter 5: (1 page)  Conclusion and recommendation Note: Copy paste is allowed.
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Structural problems faced in the construction industry

Structural problems faced in the construction industry
With problem specific solution

Name

Date

1

Structural problems faced in the construction industry

2

Contents
Chapter 1:................................................................................................................................................ 3
Aim of project ..................................................................................................................................... 3
Methodology adopted ........................................................................................................................ 3
Coverage of Solution ........................................................................................................................... 3
Chapter 2: Literature review. .................................................................................................................. 4
General problems faced in construction industry. ............................................................................. 4
Chapter 3:.............................................................................................................................................. 13
Structural problems faced by local industries. (Interviews – questions answers with graphs/tables)
.......................................................................................................................................................... 13
Chapter 5:.............................................................................................................................................. 16
Conclusion and recommendations. ...................................................................................................... 16
References ............................................................................................................................................ 18

Structural problems faced in the construction industry

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Chapter 1:
Aim of project
The purpose of this project is to identify and discuss the Structural problems faced in the
construction industry. In general the study focuses on the general problems which are faced
in the construction industry. Further, it also identifies and discusses the structural problems
which the local industries face in the construction industry.

Methodology adopted
In line with the terms of reference set for this project, the real time information needed for the
project was gathered based on the literature review, interviews with government officials
responsible for procurement in the construction sector, as well as the construction industry
associations. To validate the available information, I visited 50 local constructions
companies, with a structured questionnaire intended to get the necessary information about
the structural problems they face as local industries in the construction sector. I also used
internet sources of information like the websites, books and other relevant sources which are
updated with the current information about the problems facing the construction industry. I
also used the recent books in the library which tackled some issues related to construction
industry especially the challenges which are the major issues discussed in this project.

Coverage of Solution
Due to time constraints I selected the sample by convenience. Most of the solutions I sampled
out were from the 50 firms I interviewed. Some solutions were also suggested by the
government officials I interviewed as well as the several construction industry associations. I
also conducted a study in the Library and the internet to add to my solutions. Almost 25% of
the solutions I came up with were from the internet and library sources.

Structural problems faced in the construction industry

4

Chapter 2: Literature review.
General problems faced in construction industry.
There are numerous challenges facing today’s construction industry. Some are new to the
industry, and some are centuries old. I was able to identify the following problems in this
case study.
 Highly Cyclical Demand - Demand for new residential buildings can change rapidly,
depending on the economy and interest rates: from 1986 to 1991, annual US home
construction dropped 40 percent; from 1995 to 2005, it increased 75 percent; and from
2006 to 2011, it fell 65 percent. In local markets, changes in demand can be even
more severe.
 Risks of Speculative Projects - Because a large number of homes are built
speculatively, builders bear the risk that changing market conditions will produce
lower selling prices than they'd anticipated. In some markets, home prices can be
highly cyclical. Even in markets where prices don't fall, builders may anticipate
getting a higher price than they eventually receive.
 Cost Overruns - Costs that run beyond estimates can result in losses for firms. Some
of the largest construction contractors have significant numbers of projects based on
fixed price contracts, in which they bear the risk for cost overruns. Factors such as
raw material costs, economic conditions, and weather-related delays could lead to
losses for firms. The longer the term of the contract, the greater the potential deviat...


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