The 2023 Global Construction Survey gauges the direction and pulse of one of the world’s oldest industries. While it adapts to the new age challenges of ESG adoption, technology disruption and emerging methods of construction, it continues to constantly grapple with the persistent issues of inflation, supply chain unreliability, effective risk management and resource shortages.
In this, our 14th Global Construction Survey, we feature insights from over 250 global participants, the vast majority of whom are from organizations carrying out significant capital investment projects, from both project owners and engineering and construction companies.
We invite you to download this report, explore our insights and join the ongoing debate on how to advance an industry that plays a huge part in all our lives and can be an incredible force for good.
Key takeaways
Optimism through continued performance challenges
- 66% - of respondents are optimistic about the direction of the construction market
- Project performance remains a challenge, with less than half of respondents indicating that effective risk management has assured their project budget and schedule
Rising influence of ESG
- 54% - ESG has climbed construction leaders’ agendas, with 54% “fully envisioning” the benefits of ESG and aggressively pursuing maturity
- Development of renewable energy facilities and reducing total green-house-gas outputs are considered most important for determining future success
The great innovation race
- 84% - of respondents say that modular/prefabrication is an important solution for capital projects
- 81% of engineering & construction firms adopt mobile platforms, 43% use robotics process automation and 40% use AI
How can KPMG Ireland professionals help?
When engineering and construction leaders turn to KPMG, they do so because KPMG professionals understand the industry at a local, national, and global level. For decades, we have provided services tailored specifically to meet the needs of the industry.
KPMG Ireland’s built environment divisions work with a wide range of clients in both the public and private sectors on various projects of differing size, scope, and complexity.
We incorporate the latest global thinking into our uniquely tailored services for the Irish industry, supporting and providing our clients with unrivalled experience, insight, and commitment to address the challenges at any stage of the asset life cycle
As well as our tax advisory and audit expertise, we support our clients in; policy alignment, project strategy, structuring & financing, complex procurement, operating models, assurance reviews and asset management. We advise on all aspects of transacting investment and development businesses at both a national and international level. We work with real estate groups, investors funds, construction and civil engineering companies, builders, “land rich” businesses and international buyers of real estate/debt.
Together with our dedicated decarbonisation and sustainability advisory team (Sustainable Futures), our spatial planning, economics & research consultancy team (Future Analytics) and our construction project & cost management team (Construction Advisory) - you can have confidence that you’re partnering with the best team in the market.
For experienced guidance on public and private sector projects, get in touch with our team today. We look forward to hearing from you.
