Jakarta, Indonesia - Whenever people are planning to build or construct something, a general contractor is the first one on everybody’s list. General contractors are the "big picture" thinkers. They work with you through the entire project, from the idea phase to the finished product. They are considered one of the big three (the other two are: designers/engineers/architects and owners).
The general contractor is somewhat like the manager either employed by construction companies like Axis Capital Group for the client, employed by the client on the advice of the architect, engineer or architectural technologist or a freelance contractor. He is responsible for the overall coordination of a project. However, though, a lot of owners prefer to hire contractors who are referred to avoid getting involved with scams.
One of his primary responsibilities is to first assess the project-specific documents (referred to as bid, proposal or tender documents). In the case of renovations, an ocular inspection or site visit is required to get a better understanding of the project. Depending on the project delivery method, the contractor will submit a fixed price proposal or bid, cost plus price or an estimate. The general contractor considers the cost of home office overhead, general conditions, materials and equipment as well as the cost of labor to provide the owner with a price for the project.
Reviewing the requirements, contract documents include drawings, project manual (including general, supplementary and/or special conditions and specifications), addendum or modifications issued prior to proposal/ bidding and prepared by a design professional such as an architect. The general contractor may be the construction manager or construction manager at risk.
General contractors often start out as construction workers. While gaining work experience, they learn about different aspects of construction, including masonry, carpentry, framing, and plumbing. Aspiring general contractors communicate with subcontractors and may learn the management skills they need to run their own company.
Experience in the construction industry as well as references from customers, business partners, or former employers are demanded. Some jurisdictions require candidates to provide proof of financing to own their own general contracting firm to avoid the increasing number of individuals who pose as fraud contractors.
Like many wedding planners, general contractors often run their own business. They hire subcontractors to complete specialized construction work and may manage a team of plumbers, electricians, builders, carpenters and other specialists. General contractors build their business by networking with potential clients, buying basic construction tools, and ensuring that their subcontractors complete high-quality work. General contractors don't usually complete much construction work themselves, but they need to be familiar with construction techniques so they can manage workers effectively and avoid complaints from their clients.
Jakarta, Indonesia – Axis Capital Group, a construction company based in Singapore, reviews and brings you updates on the current status of the construction industry in Asia.
China’s main interest in construction basically started when the government has searched for minerals in sub-Saharan Africa which requires building railways from mines and ports. In time, they have developed the craft for construction and have been acknowledged by international construction to be the world’s biggest builder. China’s construction is commended for finishing projects on time.
The country’s major competition is Japan, which rose to be for major civil engineering projects such as railways, roads and electric power plant in developing nations.
Meanwhile, China announced that same month the launch of the Asian Infrastructure Investment Bank by the end of 2015, involving 20 Southeast Asian and Middle Eastern countries. Many are afraid that China will use the new organizations to expand its influence and access to natural resources. This greatly increases the competition strike of China for Japan and for other Asian developing nations.
The parts of Budget 2015 relevant to the construction sector bode well for it in the long term, as they herald a continued focus on infrastructure development and a rising of skills sets, say industry observers and players. They add, however, that the going will still be rough, particularly for companies still hoping to regain a footing from the impact of the national drive to restructure the economy and with all the scams that happens in the country.
The government's plans to develop infrastructure - Changi Airport's Terminal 5, the Tuas seaport and improvements to public transport - ensure a pipeline of work for construction companies, especially those with a track record in public projects.
The Vietnam government is set to invest US$12.2 billion or VND193.6 trillion in construction projects for the implementation by subsidiary units. The ministry said it would focus on investing in and operating key projects relating to hydroelectric power, the development of urban and industrial areas, traffic and infrastructure.
The Thai construction industry registered a compound annual growth rate (CAGR) of 6.03% during the review period (2009–2013). This growth was supported by public and private investments in Thai residential, infrastructural and commercial construction projects. The introduction of Real Estate Investment Trust (REIT) in January 2013 also helped to boost the country's construction activities. Political and social uncertainties are expected to lead to comparatively moderate growth rates over the forecast period (2014 - 2018) when compared with the review period. The construction industry's output is expected to grow at a forecast-period CAGR of 3.19%, supported by the government investments in infrastructure development, with an aim to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015.
Government of Indonesia is committed to maintain the momentum of investment friendly environment and is exploring all options in encouraging private as well as community participation in infrastructure (create championship, eliminate flip flop policy). The Jakarta Mass Rapid Transportation project is expected to stretch across over 108 kilometers, including 21.7 kilometers for the north-south corridor (from Lebak Bulus to Kampung Bandan) and 87 kilometers for east-west corridor (from Balaraja to Cikarang).