News
Global Construction Survey 2009
Despite the deepest recession in 60 years, the construction industry is surprisingly positive about its future prospects, according to KPMG's latest Global Construction Survey report.
The enclosed report, Navigating the storm: Charting a path to recovery?, presents the views of more than 100 senior executives of some of the world's leading engineering & construction companies across 30 countries.
Interestingly, almost two thirds of respondents expect to either increase or at least maintain profit levels by mid-2010. To date, the sector appears to have weathered the economic storm, with around half of the respondents reporting order books and profit rates at similar or greater levels than a year ago. However, as longer-term projects wind down for some contractors, much may rest on the impact of the proposed government stimulus packages. Here, considerable uncertainty prevails, with only a small minority believing that these will bring significant opportunities.
Other issues addressed in this year's survey include:
- the war for talent - risk management - sustainability - the proposed changes to revenue recognition.
The results - which have been supplemented by KPMG specialist comment - should make compelling reading for anyone involved in the industry.
Interestingly, almost two thirds of respondents expect to either increase or at least maintain profit levels by mid-2010. To date, the sector appears to have weathered the economic storm, with around half of the respondents reporting order books and profit rates at similar or greater levels than a year ago. However, as longer-term projects wind down for some contractors, much may rest on the impact of the proposed government stimulus packages. Here, considerable uncertainty prevails, with only a small minority believing that these will bring significant opportunities.
Other issues addressed in this year's survey include:
- the war for talent - risk management - sustainability - the proposed changes to revenue recognition.
The results - which have been supplemented by KPMG specialist comment - should make compelling reading for anyone involved in the industry.
global_construction_survey_2009_.pdf, Size: 1.5 MB© 2010 KPMG, the United Arab Emirates member firm of KPMG International, a Swiss cooperative. All rights reserved.
