The last three years have, without a doubt, been full of uncertainty for many in the engineering and construction industry. However, the KPMG Global Construction Survey highlights that one constant is the insatiable demand for energy and infrastructure in all forms, which is causing a fundamental shift in focus for nearly all players in the sector. The 'old' imperatives of commercial, residential and industrial building projects have taken second place in many geographies to energy, natural resources, transportation, communication and technology and other vital civil and social infrastructure projects.
Our sixth Global Construction Survey digs deeper into this finding as well as a number of other discoveries that can only be gained through a process like the one we all contribute to every year to develop this report – interviewing executives from the leading engineering and construction companies from around the world. This year executives from 161 firms were interviewed, representing more than 25 countries. The respondents' annual revenue varied in size from USD250 million to more than USD5 billion, and served a range of markets including energy, power, industrial, healthcare/pharmaceutical, manufacturing, mining, education, and government. New to the report this year are interviews with KPMG's industry leaders and subject matter authorities, allowing us to showcase our views and experience.
The report covers the following issues and themes that are top of mind with industry executives:
- Energy and Infrastructure – Opportunities and threats.
- Efficiency – How firms are building better practices.
- Risk Management – How firms are coping with risk in a changing world.
- Looking Forward – The engineering and construction company of the future.