Construction Contractors are those Sole Proprietors, Partnership Firms, HUF’s, and Companies who build, construct what is designed by Architects or Civil Engineers on Paper.
Construction Companies can mainly differentiate based on the type of work they perform and type of specialization they acquire.
There are different tasks such as design, financial planning, acquisition of land, operating, maintaining and carrying out paper works and execution which different companies perform as per their specialty.
Civil Engineering Company
Civil Engineering is basically an activity of Planning, Designing, Maintaining construction of Building Structures and Infrastructure such as Roads, Railway, Airports, Bridges, Tunnels, Dams, Harbours, Irrigation Projects, Power Plants, Water and sewage system, etc.
Generally, Civil Engineering Companies provide only Consultancy and Engineering services however when they have resources for construction activities they also take contracts for actual construction.
So here Civil Engineering Companies can be divided into two types:
1. Consulting engineer Companies
2. Consulting and Contracting Engineer Companies
Consultants are responsible for the design work of projects and work predominantly in an office. Contractors then take the designs and implement them during construction. Contractors work on-site, managing the construction of the structure.
Depending on whether you are a contractor or a consultant, work activities can include:
Some Big Players in Civil Engineering: AECOM, Bechtel Fluor Corporation L&T Engineering & Construction Company (L&T ECC) Hindustan Construction Company (HCC), IRB Infrastructure, Sadbhav Engineering Limited, etc.
General Contracting Companies are those Construction Contractors, Main Contractors, Sub- Contractors which are responsible for the day-to-day oversight of Construction Sites, Management of vendors and traders, etc.
These Contractors are generally Small players which take work on a subcontract basis from big players. They do not indulge in Engineering and consultancy work rather they refer to take a simple project which involves management and labor-related work.
For example, A Construction Company takes only sand-related work in the road/ Highway project.
Industrial Infrastructure Companies
Industrial Infrastructure includes building any special site, water park, water dock, industrial park, Commercial or Residential Property, or any combination thereof.
Generally, these type of Companies performs multi-skill tasks such as the construction of power plants, water supply, roads, waste management, drainage, bridges, dams, etc.
Some Big players in Industrial Infrastructure Companies: Balfour Beatty, Hochtief, Reliance Infrastructure, GMR, IRB, etc.
Real Estate Construction Companies
Real estate is a vide business and this industry consists of very big players.
Construction Companies under this industry focuses only on Real Estate construction contracts which may include Commercial complex, Societies, Business towers, Flats, Villas, office buildings, etc.
Further Real Estate companies according to their specialization can be divided into two subcategories:
1. Commercial Real Estate Companies
2. Residential Real Estate Companies
Some big players in this industry are Lodha Group, Godrej Property, Sobha Group, Brigade Group, L&T Realty, etc.
The construction industry is not limited to designing and building structure but also includes contractors that deal with specialized manpower services.
MEP stands for Mechanical, Engineering, and Plumbing contractors.
For any construction or renovation project, an MEP consulting firm is just as important as an architect or a builder. Mechanical, Electrical, and Plumbing aspects are often designed by an engineering firm specializing in MEP known as MEP Consultant or MEP contractor.
Some Big players in MEP list: Sterling And Wilson, Perfect Infra engineers, EVAC, VAYA MEP Engineers.
My next article will put light on the types of registrations required to start a construction company and some practical insights that you have to keep in mind if you are thinking to start your own construction company.