In 2016, Brazil will host the Summer Olympic Games in Rio de Janeiro. Brazil’s infrastructure construction market could benefit from a similar spirit of international competition, say construction executives. Photo: Fotolia.com Brazil will need plenty of new infrastructure, but international contractors haven’t won much work yet. Competition bidders for infrastructure projects financed by multilateral agencies and prospective contractors must complete all the formalities to prequalify for important projects in Brazil. For example, they submit price and technical proposals that are evaluated by the appropriate agencies. Yet companies from outside Brazil have failed to win a very large or complex project,
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.