To learn about the challenges and opportunities that have risen in the global engineering and construction industry in the last year, please read: The great global infrastructure opportunity – Global Construction Survey 2012.
“Governments are tightening their belts, but as major urban areas strain to support growing populations, the demand for infrastructure is growing,” said Brad Watson, Partner and Head of KPMG in Canada’s Infrastructure practice. “The results of the survey show that the industry is expressing frustration in the obstacles that currently exist. It is essential that there is more synergy between governments and the private sector and that an environment is created that encourages more private sector investment.”
Key highlights of the survey are:
- Engineering and construction firms believe infrastructure, particularly energy, is the sector with the greatest short-term potential for revenue growth.
- Despite economic instability, most firms remain positive about the next 12 months.
- In an effort to gain greater efficiency, firms seek to optimize costs, focus on tax efficiencies, structure supply chains and improve information technology systems.
- Despite considerable investment, risk management effectiveness is still in question.
Our findings have been achieved through interviews with executives from 161 engineering and construction firms, representing more than 25 countries.