Details

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

Global Construction Survey

Global Construction Survey highlights the outlook of many engineering and construction companies about their immediate prospects.

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
Download Now
PDF files require Adobe Reader to view
Download Adobe Reader

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.
 

Contact us

Contact KPMG to find out more about our services or industry experience.

Real Estate & Construction

KPMG’s Real Estate & Construction practice offers audit, tax and advisory services for a diverse client base in the property and construction sectors.

Financial Services

Our Financial Services practice can help financial institutions make better decisions about performance, growth, governance and prudential matters.