Large global engineering and construction firms appear to be “surprisingly positive in their outlook toward the future,” according to a new survey of executives by consulting firm KPMG International Inc., New York City. About two-thirds expect profits to hold steady or increase in 2010, and 35% say they have not had to cut any staff. But respondents were mixed on benefits of stimulus programs, and results may be skewed by the high proportion of non-U.S. respondents. Source: KMPG International Steps taken to align workforce with workload Source: KMPG International Impact of government stimulus packages over next 12 months KPMG’s survey
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.