Construction

Construction covers the processes involved in delivering buildings, infrastructure and industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. As an industry, construction accounts for more than 10% of global GDP (6-9% in developed countries) and employs around 7% of the global workforce - over 273m people. The output of the global construction industry was worth an estimated $10.8 trillion in 2017.