Australia

Details

  • Industry: Financial Services, Real Estate & Construction, Infrastructure
  • Type: Survey report
  • Date: 8/12/2010

Global Construction Survey

KPMG's Global Construction Survey highlights the outlook for many engineering and construction companies, and key issues confronting the industry.

Global Construction Survey 2010: Adapting to an uncertain environment 

The economic downturn has had a major impact on the construction sector. The fifth KPMG Global Construction Survey highlights the cautiously optimistic outlook of many engineering and construction companies about their immediate prospects. The study also highlights the key issues confronting the industry and the measures adopted by the construction companies to adapt to the new opportunities identified.
Global Construction Survey 2010 cover
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Key findings

  • Almost half of respondents are forecasting rising backlogs in 2011
  • Growth is expected to come from pent-up demand or from expanding into new services, sectors or geographies
  • Despite this optimism, most companies have experienced reduced or unchanged margins as result of price cuts
  • Government stimulus packages have had little to no tangible impact in most parts of the world, the exception being Asia Pacific, where they’ve benefited from major infrastructure projects
  • Companies are applying more rigorous analysis at the bidding and planning stage, as a result of an evolving risk culture
  • Fewer respondents have made job cuts than in the previous years, and around a third say they’re now looking to take on more direct labour in 2011
  • Almost half of respondents acknowledged that their own defences to fight corruption could be stronger
  • Companies are responding positively to demands for greater accountability and transparency when working on public sector contracts.
 

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