Build a Working Capital Strategy that Strengthens Your Financial Future:
Glossary
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New Construction

New Construction

What is New Construction?

Constructing a new building or structure from the ground up.

More In-depth Definition of New Construction

New Construction refers to the process of building a brand-new structure from the ground up, including planning, design, and actual construction. It involves site preparation, erecting the framework, and finishing the interior and exterior of the building. This process is essential for developing new residential, commercial, and public spaces, meeting current needs and standards.

Example of New Construction

The new construction of a downtown office tower,aims to provide state-of-the-art facilities for local businesses and office workers.