The scale and duration of large engineering and construction programmes means that contractors – particularly the bigger, global players – require some time to prepare for market upswings. Having tightened their belts and rationalised following the recession, are they fully ready to catch the next big wave of mega-projects?
Risk management remains high on the agenda of senior executives across the sector, and this year’s survey asks why the significant investment in controls has not managed to halt large-scale project failures or damaging incidences of fraud and corruption. Leading industry experts add authoritative insight into how to create a stronger risk culture, where key decision makers carefully evaluate potential threats across the organization.
With these issues in mind, the latest KPMG Global Construction Survey comes at an opportune moment, gauging the views of a record 165 senior executives of leading engineering and construction companies from around the world including 10 South African companies, to determine the state of the industry and opportunities for growth.