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Published in:
2012 | OriginalPaper | Chapter
Project Basics
Author : Sharon Heidenreich, Dipl.Ing.
Published in: Englisch für Architekten und Bauingenieure - English for Architects and Civil Engineers
Publisher: Vieweg+Teubner Verlag
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The construction industry touches the lives of virtually everyone on a daily basis and occupies a fundamental position in national economies. In Europe, it generates approximately 12 per cent of the
Gross National Product (GNP)
and employs about 8 per cent of the
labour force
. The building industry is regarded as the
bellwether
of economic growth, and periods of prosperity are usually associated with high levels of construction activity. Unfortunately the opposite applies in periods of recession.