ABSTRACT
After reading this chapter, you should have an understanding of the nature of the construction industry in order to place cost studies of buildings within this context. You should be able to:
3.1 INTRODUCTION
A sound understanding of construction economics requires a good understanding of the size and shape of the construction industry. The industry is important in all countries of the world since it helps to add to the quality of life both through its architecture and also through the facilities it provides to users, both internally and externally.
