Choose two potential markets( construction related, such as railway or Essay

Choose two potential markets( tress related, such as railway or obliging etc. ) for a contracting organisation to enter for - Essay ExampleOverall, construction advanced by 8% in the year 2010 and in the subsequent year by 2.8% (DKM Economic Consultants, 2009, P.15). Nevertheless, by the subsequent part of the year 2011, the entire construction industrys growth had started to become slow with a relative downturn in the year 2010. For instance, forward-looking construction sanctifys in the year 2012 were below the previous quarters level, by 8.5% (DKM Economic Consultants, 2009, P.17). At this time, the house construction sector, both in the public eye(predicate) and closed-door suffered a major blow, and only stem construction showed slight signs of development, as the government made the go about to keep the civil works running, through collaboration with private investors. This implies that, by the year 2012, the house construction segment had been surpassed by civil engi neering in terms of performance and industry leadership. The United estates construction industry is a major economic pillar, since it contributes about a tenth of Britains (GDP), provides work to approximately 1.4 million individuals and accrues revenue of about ?65 billion per year. This industry is also ranked among the worlds top ten industries, further emphasizing its significance and the wide array of opportunities it has for new engineering companies. Construction Market Sectors The United Kingdom building and engineering industry comprises of large and overabundant companies, which operate along with smaller establishments. Competitive rivalry in the industry is slightly eased when companies diversify their operations into different sectors. Key among these sectors, are the house construction and civil engineering sectors, which are analyze hereunder, for the purpose of advising a potential construction contractor (Greenhalgh and Squires, 2011, P.35). Civil Engineering Se ctor Civil Engineering, which encompasses public works like railway, highway and other infrastructure constructions, is UKs building and construction industrys largest segment. This sector accounts for approximately 52.9% of the overall value of the industry (Data Monitor. 2012, P.7). In 2012, the output from infrastructure construction amounted to ?14,181 million, whereas infrastructure maintenance stood at ?7,775m (Data Monitor. 2012, P.10). Division of the civil engineering sector into its sub-sectors indicates that, railways, roads, as well as, water and sewage subdivisions represent the greatest infrastructure construction components, at 25%, 24% and 22% in that order (Data Monitor. 2012, P.16). In the duration running from 2007 to 2011, all the new civil engineering sub-sectors depicted relatively simmer down annual growth. For instance, the water and sewerage sub-sector depicted a 10% growth, the roads sub-division a growth of 9%, while the railway construction sub-sector w as at 24% (Data Monitor. 2012, P.18). One of the principal leaders in this sector is Balfour Beatty. This renowned civil engineering company deals with construction, business investment and overall engineering go. Balfour Beatty offers its specialized services in complex structure, road, utility systems and rail construction, not only to the United Kingdom, but to the entire eyeball as well. The companys operations cover the entire European region, the Americas, as well as, the Asia peaceful area. This