Residential and Commercial
Residential Construction refers to projects that involve a single-family home or dwelling like an apartment, an individual condo or townhouse. Commercial Construction covers essentially any other type of project, such as education buildings, entertainment, Government buildings, infrastructure, retail or transportations etc. Whether your requirement is in residential or commercial construction projects.
Whether you specialize in residential or commercial construction projects has an impact on the size and scope of your project and your business overall. Commercial projects on average require larger and more expensive equipment, more employees, additional overhead costs and other components like payment/performance bonds. They are often funded by a government agency, corporation with bank financing, or by an owner/developer. The agency, owner or developer then hires a general contractor, who in turn hires subcontractors to do the work. The majority of residential projects are paid by the homeowner, through cash on hand, insurance or a bank loan. In some cases, such as a natural disaster, they are paid for by a government agency like FEMA. Residential projects can involve interacting directly with homeowners or renters and are more often found through referrals than a competitive bidding process
What are some differences between commercial construction and residential construction?
Residential Construction refers to projects that involve a single-family home or dwelling like an apartment, an individual condo or townhouse.
Commercial Construction covers essentially any other type of project, such as:
- Education: Schools, colleges and universities
- Entertainment: Casinos, concert halls, movie theaters, museums, amusement parks
- Government: Police & fire stations, military bases, prisons, courthouses
- Infrastructure: Roads, highways, bridges, retention dams, power lines, power stations and substations
- Landscaping/ Sitework: Golf courses, parks, athletic fields
- Lodging: Hotels, motels, resorts
- Medical: Assisted living facilities, hospitals, medical offices, nursing homes
- Retail: Supermarkets, convenience stores, fitness centers, shopping centers
- Transportation: Airports, bus stations, parking garages, rail stations, subways
- Other: Offices, data centers, bars, restaurants