Global Construction Survey 2012. Report by KPMG
Date
February 10, 2012
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In 2011, KPMG interviewed executives from 161 engineering and construction companies around the world and completed a global survey.
The main conclusions highlighted in the Excutive Summary of the report/survey are the following:
- Demand for power and energy is changing the direction of construction
- Existing infrastructure is seen as inadequate to support growing urbanization, population growth and changing demographic
- Procurement and supply chain play a critical role in future success
- Cost reduction remains on the agenda
- IT needs to step up a level
- Despite considerable investment, risk management remains in question
- Revenue recognition concerns easing
- Optimism over future prospects despite economic uncertainty
- Investment in emerging markets still a major challenge
