The Best Construction Company in BD Toto Power Engineering, an independent construction company Start 2011, Civil engineering, Construction contractors BD. Construction and urbanization are the two sides of one coin. In a developing country like Bangladesh, civil engineering plays a major role. Individuals, various organizations look for the best construction company in Bangladesh. A great construction company does not just build a structure, it ensures that the construction offers the greatest advantages.
Along with the increasing development, many construction companies have been established in Bangladesh. They have been featuring urbanization with a rising number of buildings, roads, and other mega structures. More and more constructions indicate industrialization. Modernization which in turn indicates the development of the country.
Importance of a construction company in Bangladesh
The construction industry has a great role to play especially in developing countries. The importance of a Construction company in Bangladesh is so broad that it can not be emphasized enough. It is one of those uplifting industries which can positively impact the economy of our country. The Metrorail project in Dhaka city has provided employment opportunities to thousands. This particular infrastructure promises to reduce traffic in the future.
Here is why the construction industry is important
Contribution to economic growth
Construction is an essential element for the economic development of any nation. The Government has been showing high interest in the construction industry. The government collaborates with construction companies. Many projects related to transport, health has been ongoing. Businesses, individuals seek top construction companies in Bangladesh for personal and industrial sites.
Diversified Clients Act in Construction Deal
A well-constructed infrastructure provides healthy environments for the labor force. It offers flexibility for increasing the workers’ productivity. An attractive construction attracts multiple business deal =s and investors. Construction is a diversified industry. It concerns itself with many types of clients. For example contractors, real state agents, suppliers, and many more. With all types of clients involved the construction industry provides effective solutions.
Work with responsibility
With the rising number of development projects going on, Dhaka is becoming more polluted. Companies are getting more conscious not to degrade air quality. Many companies have started sustainable ways to protect the environment from harmful effects.
Types of construction Companies in Bangladesh
Construction involves numerous roles such as the acquisition of land, design, execution, etc. Depending on what a company focuses on, there are several types of construction companies. Some of them are given below
Civil Engineering Company:
A civil engineering company typically offers to survey and design services. Civil engineering companies rather focuses on designing and managing projects. A construction company builds the structures designed by civil engineers.
Construction contractors are responsible for the day to day activities of the construction site. They are in charge of management, communication with parties involved, providing materials, and labor. Usually, they hire subcontractors to look after various aspects of the project.
Heavy Engineering and Construction:
Heavy Engineering and Construction companies undertake bigger projects like construction of roads, bridges and other heavy projects.
Industrial Infrastructural companies:
Industrial infrastructure refers to any site or structure built for commercial purposes. For example a factory, shop, power plants, water supply, etc. Industrial infrastructures require highly experienced engineers and architects.
EPC- Engineering, Procurement, and Construction Companies:
EPC means signing a contract agreement to deliver a functioning facility to the clients. EPC companies carry out the engineering design, procuring the materials. They aim to deliver the project in a fully functioning condition to the clients.
PMC– Project Management Consultant:
Project Management Consultant undertakes the responsibility of managing projects. A project management consultant has high skills, experience, and knowledge. He/she has to look after the project at various stages. He/she tackles serious challenges by a well-organized approach to the PMC. For example, organized lead material Issues, Safety Issues, etc
Small Renovation Contractors:
Small renovation contractors provide renovation projects with planning. They get the renovation done for small spaces like offices, buildings, etc.
Real Estate Companies
Real estate companies deal with land, buildings, and immovable properties. The real estate companies invest in real properties including its natural resources. There are usually residential real estate and commercial real estate. Residential real estate companies are concerned with providing healthy living spaces. Commercial real estate deals exclusively with business and workspace.
Project management processes
Project initiation refers to determining the objectives and feasibility of the project. This is a crucial phase to figure out the scope of opportunities for the project. If needed studies are conducted. The project initiation document (PID) outlines the groundwork of the project plan.
The planning phase consists of dividing up the teams to get the works done. The planning includes estimating the time, costs, and resources. The team frames out a strategy to follow throughout the project.
During the planning, the team produces documents to simplify the process
A work breakdown structure (WBS)
Once timing, budget, etc have been planned out, the team evaluates the risks involved. At this point, the team highlights potential threats. They find out solutions to tackle the problems as well.
The execution process is divided into two categories
monitoring and controlling
The assigned team has to make sure that all necessary tasks are going on properly. They monitor the progress and make changes if needed. Most of the controlling aspects of the project depend on the ongoing activities
Closing phase (closure)
At the final stage of the project, the team presents a project report, analysis of the budget and feedback. The final stage represents the closure of the project. The team has to give a proper report of the project to the client.
Three major problems faced in the construction industry in Bangladesh currently
We all are well aware of the numerous workers’ death in construction sites. It has been an ongoing issue. The majority of the construction sites fail to provide safety to the workers. The result is endless injuries and accidents. As a result, many workers hesitate to work on construction sites. Injuries and accidents cause a loss for the companies. They reduce productivity, workflow significantly.
A little effort could easily prevent accidents. There should be safety training programs for the workers. Commitment to worker’s safety could build up a good reputation. It could attract potential workers as well.
The time has come that we need to adopt technology in every field including construction. Everybody knows the countless benefits one could rip off from technology. Yet many construction companies in Bangladesh underinvest in modern equipment. The early adopters of the latest technology have improved workflow and productivity already. We should not lag behind and start investing in the right tools. Otherwise, we would not survive in a competitive edge.
Stagnant Productivity Levels
Construction has been showing little improvement in recent years due to many factors. Poor planning, lack of communication and collaboration, late delivery of materials, and supplies are some of them. Lack of skills, training among the workers are also bringing down the productivity level.
Proper management of the project, communication, teamwork can increase productivity level.
Why choose us
We, Toto Power Engineering are proud to be one of the best construction company in Bangladesh. We have a team dedicated to the effective management of each project. Most importantly we focus on planning, estimating the cost, timing, and potential risk. Then we make alternative plans for associated risks. We use modern technical equipment to speed up the process and increase productivity.