Challenges In Construction Sector
Challenges In Construction Sector The construction industry is the second largest industry of the country after agriculture. It makes a significant contribution to the national economy and provides employment to large number of people. The use of various new technologies and deployment of project management strategies has made it possible to undertake projects of mega scale. In its path of advancement, the industry has to overcome a number of challenges. However, the industry is still faced with some major challenges, including housing, disaster resistant construction, water management and mass transportation. 1) Lack of Transparency: Construction sector is known for its lack of transparency. Anyone who wish to construct a house-fears for felling in trap of being cheated. Construction sector being mostly unorganized, there exists no proper system for pricing with builders charging customers with unfair prices without any rationale. Also, there exists huge price gap between initial...