As the current pipeline of infrastructure projects becomes larger and ever more complex, contractors are making increasingly risky bets that projects will be delivered on time and on budget. In the last year alone, we’ve witnessed two global contractors either file for creditor protection or go into liquidation.
This unforgiving paradigm is exacerbated by the caliber of competition: With the global construction sector witnessing increasing merger and acquisition deal size volume, the world’s largest players are increasing their presence in international markets, despite current geopolitical tensions.