Global engineering and construction firms are optimistic about market and bottom line improvements in 2011, but they are being realistic about remaining obstacles in the way of profitable growth, says the latest annual survey of 140 CEOs and other top executives by Swiss-based financial and business consultant KPMG International.
The survey, titled “Adapting to an Uncertain Environment” and released late last year, reports that nearly half the respondents say company backlogs will rise next year—driven by either pent-up owner and consumer demand, expansion into new market sectors such as power or moves into new geographies such as the Middle East, Australia, Africa and India. But 47% say obtaining project financing will remain a high hurdle in 2011, and nearly 50% report they need to beef up internal “accountability” policies and procedures. Click here to read the entire report.