Related Links: Global Construction to Grow 3% to $6 Trillion, says IHS Global Insight Full report: KPMG Global Construction Survey 2012 Urban growth around the world will generate big demand for new infrastructure, particularly in the energy sector. But uncertain economic conditions, added project risk and workforce skill gaps will challenge engineering and construction firms to take advantage of new opportunities, says a survey of 161 CEOs and top executives of large global industry companies. In its 2012 global construction survey, released Jan. 30, management consultant KPMG International says respondents report some performance improvements over the past year, with 56%
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.