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Construction Contracting: A Practical Guide to Company Management, 8th Edition by Richard H. Clough, Glenn A. Sears, S. Keoki Sears, Robert O. Segner, Jerald L. Rounds

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Chapter 1The Construction Industry

1.1 Introduction

The construction industry is very large by any standard, and it can be described and defined in a number of different ways. This chapter will begin to characterize the industry in terms of its size and economic impact, and will proceed to define by name and by function some of the practitioners who perform their professional work in the industry. Also to be examined are terminology relative to types of contracts, public and private; single and separate contracts; competitive bid and negotiated contract formation; different project delivery methods; different types of construction contractors; and various types or categories of construction projects. All of these are vantage points from which the construction industry can be observed, and all of these terms provide descriptors for various aspects of the professional practice of construction contracting in the industry.

1.2 The Construction Project

Humans are compulsive builders who have demonstrated throughout the ages a remarkable and continually improving talent for construction. As knowledge and experience have increased, the ability of humankind to build structures of increasing size and complexity has expanded enormously. In the modern world, everyday life is maintained and enhanced by an impressive array of construction of all kinds, awesome in its diversity of form and function. Buildings, highways, tunnels, pipelines, dams, docks, canals, bridges, airports, and a ...

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