page_title: Construction
section_title: Legal
hierarchical_section_title: Construction / Construction processes / Legal
caption_attribution_description: 한국어: 건설중인 아파트 단지. English: An apartment complex under construction in Daegu, South Korea.
context_page_description: Construction is a general term meaning the art and science to form objects, systems, or organizations, and comes from Latin constructio and Old French construction. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure.
  In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure and industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning.
  As an industry sector, construction accounts for more than 10% of global GDP and employs around 7% of the global workforce - over 273m people. The output of the global construction industry was worth an estimated $10.8 trillion in 2017.
context_section_description: A construction project is a complex net of construction contracts and other legal obligations, each of which all parties must carefully consider. A contract is the exchange of a set of obligations between two or more parties, and provides structures to manage issues. For example, construction delays can be costly, so construction contracts set out clear expectations and clear paths to manage delays. Poorly drafted contracts can lead to confusion and costly disputes.
  At the start of a project, legal advisors seek to identify ambiguities and other potential sources of trouble in the contract structures, and to present options for preventing problems. During projects, they work to avoid and resolve conflicts that arise. In each case, the lawyer facilitates an exchange of obligations that matches the reality of the project.
caption: Apartment complex under construction in Daegu, South Korea
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