Precast concrete construction involves casting concrete structural elements at a manufacturing facility rather than on site. This allows for rapid construction, high quality control, and easy incorporation of prestressing. Precast concrete provides advantages like speed of erection, durability, and economy, but also has disadvantages such as weight, limited flexibility in design, and need for skilled workmanship and lifting equipment on site. Common precast concrete elements include walls, slabs, beams, and structural framing using techniques like welded plates and rebar splicing.