Leading construction-industry companies have successfully withstood the adverse effects of the global economic downturn by growing company revenue in spite of it. But the real challenge for engineering and contracting firm managers has been the ability to turn that growth into increased value for shareholders. ROCAIn a 2011 analysis of 37 major global construction-industry companies, management consultant Accenture found that the firms reported a 6.4% compound annual growth rate in revenue between 2007 and 2010. But they also had relatively low profitability over the five-year and three-year periods ending in 2010.Firms' average total return to shareholders was -4.8% annually for
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.