The Best Industry in the United States

Written by Matt Stevens


Best Industry inrepparttar United States

My 17-year-old child is going off to college. She is starting ask questions about industries and careers. She has made me think further about what construction contracting has to offer her. I have concluded it isrepparttar 103140 best career a young person could choose. You may not believe it, howeverrepparttar 103141 facts will show our business is unmatched. It offers participants long term tangible benefits. Many people will argue however, let me show yourepparttar 103142 many virtues our industry has. You berepparttar 103143 judge.

Merit Based repparttar 103144 construction industry rewards hard work. There is no substitute. We are all dissatisfied withrepparttar 103145 work ethic today. When we find it, we reward it. Let me give you an example – a person comes to you (male / female) doesn’t speak of English well but has promised to work hard and keep their nose clean. You give them a chance and 1 year later, you are glad you did. They kept their promise. Now, what will you do? Ignore them? Cut their pay? Of course not. You will increase their wages and give them more responsibility. Construction contractors reward merit.

Additionally,repparttar 103146 industry is also. Let me show you. What isrepparttar 103147 best advertising inrepparttar 103148 construction business? A completed project on time and on budget. This speaks volumes of a contractor’s savvy and diligence. Word of mouth travels fast. Excellent contractors have more opportunities for work than their lesser competitors.

Small is Big – Construction rewardsrepparttar 103149 small construction firm. That is they make a higher percentage of profit. This is a variable cost business. In other words, you do not have to have “critical mass” to be profitable. Net profit statistics consistently show that smaller contractors make a higher percentage of profit before tax than their larger brethren do.

Tangible – Our industry erects monuments. Our work is visible to everyone. We can see it for decades after we complete it. Construction people show friends and relatives point out these projects. Unlike other industries, we see what we accomplish every day.

Best Earning Years Later in Life – Statistically, this is difficult to prove. However anecdotally, a case can be made. In my travels working with clients inrepparttar 103150 United States, A contractor's profitabilty grows overrepparttar 103151 years. I have seen increases as either percentage or gross dollars or both. Construction becomes more profitable with experience.

In contrast,repparttar 103152 best earning years of most other industries is between 35 and 50. (Professional Sports excepted). The reason for this youthful compensation is energy,repparttar 103153 willingness to travel, to take risks and to make extraordinary things happen. Profitable construction is based on consistent and correct processes, somewhat likerepparttar 103154 manufacturing business. The more consistently a person doesrepparttar 103155 correct things,repparttar 103156 betterrepparttar 103157 outcome.

In our opinion, construction contracting consists of two components – people and processes. What does an older executive have over a younger one? The knowledge and experience handling people and building projects. (They haverepparttar 103158 scare tissue to prove it!) My conclusion is a contractor’s best earning years tend to be in their 50’s and 60’s.

The Hydraulic Engineer & Real Estate Development

Written by Colm Dillon


Those of you who are new torepparttar real estate development business, need to understand what each Design professional contributes torepparttar 103139 development team andrepparttar 103140 specific services they are capable of delivering for you.

Knowing what they do for you ... what you are paying for is vital.

This is part of a series of articles I am writing for you to explain what each profession does in some detail.

Hydraulic Engineers

Most we know what an Architect does, or what a Structural Engineer does, butrepparttar 103141 hydraulic engineer is a bit of a puzzle.

When you hydraulic inrepparttar 103142 development business "think" pipes, "think" water, "think" gas.

In other words "think" of any material that has to be provided by pipes in a real estate development. Lock that into your brain and we'll get to gripes with this service quickly.

If you are a resident of an apartment or a customer of a hotel, when you turn on a hot faucet (tap) you rightfully expect to feel hot water running into your sink soon.

Have you ever wondered how a person onrepparttar 103143 second floor orrepparttar 103144 sixtieth floor gets hot water on demand ... or cold water for that matter.

Similarily, you can askrepparttar 103145 same question aboutrepparttar 103146 liquid waste we humans produce in our residential accommodation.

You can add to that fire services andrepparttar 103147 sprinklers that keep us safe orrepparttar 103148 gas service if you want to cook on gas onrepparttar 103149 twentyfifth floor.

Do we want a swimming pool onrepparttar 103150 penthouse level or onrepparttar 103151 ground floor or do we want to recycle your waste water and use it to waterrepparttar 103152 garden, then you'll need an hydraulic engineer.

Sorepparttar 103153 hydraulic engineer is pretty important to our health and lifestyle. If he did not exist, then high rise buildings would not exist.

So with that overview, let's get intorepparttar 103154 detail.

On receivingrepparttar 103155 initial project brief, all aspects are examined in detail. The client's brief is expanded, analysed and reports are written.

These reports allowrepparttar 103156 clientrepparttar 103157 opportunity to evaluate all sections ofrepparttar 103158 report, from a financial and technical point of view, inrepparttar 103159 full knowledge ofrepparttar 103160 implications of all components ofrepparttar 103161 hydraulic services.

Design co-ordination and control is maintained by regular in-house meetings, withrepparttar 103162 resultant elimination of site problems.

Andrepparttar 103163 hydraulic engineer's role can be summarised as:

Design documentation - services are drawn to scale.

Obtain allrepparttar 103164 necessary Authority Approvals.

Preparerepparttar 103165 specification, schedules, quantities and estimates.

Completerepparttar 103166 'As Constructed' set of drawings.

Carry out all construction supervision and report.

,i>Andrepparttar 103167 approach to their clients' projects is:

* To be cost effective * To be efficient * To contain our latest design innovations

Professional Services

Not all ofrepparttar 103168 scope of professional services set out below can be offered by all hydraulic engineering firms.

These services are offered byrepparttar 103169 firm I have used on almost all of my developments. They are leaders in their field and design for projects aroundrepparttar 103170 world.

Cont'd on page 2 ==>
 
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