The term "Construction" refers to a broad division within the Standard Industrial Classification (SIC) system, specifically Division C, rather than a single four-digit SIC code.
Understanding SIC Codes for Construction
The Standard Industrial Classification (SIC) system organizes businesses by industry, using a hierarchical structure. For the construction sector, this means that a single SIC code doesn't encompass all construction activities. Instead, the "Construction" division is broken down into various major groups, industry groups, and specific four-digit industry codes.
Division C: Construction
Division C generally covers establishments engaged in the construction of buildings or other structures, and additions or substantial alterations to existing structures. This division also includes specialized trade contractors and land subdividers and developers.
The primary major groups under the Construction Division are:
- Major Group 15: General Building Contractors
- Major Group 16: Heavy Construction Other Than Building Construction
- Major Group 17: Special Trade Contractors
To accurately identify the SIC code for a construction business, one must determine the specific type of construction activity it performs.
Examples of Specific SIC Codes within Construction
Here are some detailed examples of SIC codes relevant to various construction activities, illustrating how the broader "Construction" division is categorized:
SIC Code | Description | Higher-Level Group/Category |
---|---|---|
152 | General Building Contractors - Residential | Major Group 15: General Building Contractors |
1521 | General Contractors - Single-Family Houses | Building single-family residential properties. |
1522 | General Contractors - Residential Buildings, Other Than Single-Family | Constructing multi-family residential structures like apartments and condominiums. |
153 | Operative Builders | Major Group 15: General Building Contractors |
1531 | Operative Builders | Builders primarily engaged in the construction of residential or nonresidential buildings for sale on their own account rather than as contractors. |
154 | General Building Contractors - Nonresidential | Major Group 15: General Building Contractors |
1541 | General Contractors - Industrial Buildings and Warehouses | Building industrial facilities, warehouses, and other non-residential structures. |
These examples highlight that "Construction" is a broad category, and the specific SIC code depends on the exact nature of the construction work being performed, whether it's residential, nonresidential, or a specialized trade. For instance, a company building a new apartment complex would likely fall under SIC code 1522, while a firm constructing a factory would be classified under 1541.