The global economic crisis has certainly changed the building, construction and real estate industry. Now, as markets started to recover and global liquidity improved, many challenges remain. For the construction and engineering companies access to capital and project financing, as well as improvement of risk management processes, environmental and sustainability issues have become more important than increase in revenue and margins. Other industry players are also facing new, more complex challenges, such as liquidity and financing risk, corporate governance, asset values, changing tax legislation.
Dealing with these complex issues will be critical for the companies to survive in the industry, but more importantly, it will reveal opportunities for those able to execute strategies based on realistic views of the future.