Building & Construction
Building & Construction
KPMG’s global Building & Construction practice is a network of experienced professionals based in member firms around the world.
KPMG’s global Building & Construction practice is a network of experienced professional...
The Building & Construction industry faces challenges at national, regional and international levels from increasingly more complex projects, declining project backlogs, and limited new project engagements due to ongoing economic uncertainty. As a result the industry is experiencing increasing competition from existing and new, diversifying competitors.
Our global B&C team believes it is essential for engineering & construction firms to focus on the following key goals:
- Increasing efficiency – cost optimization and supply chain efficiency are just two examples of how firms are able to protect margins by managing cost and thus issuing competitive tender submissions while still maintaining profitability.
- Identifying competitive advantage – firms have to effectively assess their competitive advantages and shortcomings when it comes to winning new work. With increasing focus on processes, procedures and risk management, firms are seeing an increase in the number of hoops needed to leap through, particularly for publicly funded projects. Understanding where the opportunities lie and early identification of the gaps needed to be filled to secure those opportunities is key to protecting future orders.
- Mitigating issues – risk management processes and accounting policies continue to attract significant focus following a number of high profile issues in the industry. Ensuring issues are identified and mitigated as early as possible is vital to achieving the two goals above by protecting future profits and preventing negative press.
- Growth – even in challenging times, it is important that firms keep strategic growth opportunities in mind. With stiff competition in home markets, some firms are developing an appetite for expanding overseas, either through M&A or organically. As expected, there is strong interest in Asia, the Middle East, Australia, Africa and India. Expansion can also come in the form of adding new services or creating an integrated offering in order to serve new clients.
Our Building & Construction team is fully committed to serving our clients and understanding their complex and constantly evolving needs.
Our global network enables us to mobilize teams to assist you wherever you are in the world, providing you with access to local and international experience and a tailored service that delivers informed perspectives and clear solutions that our clients and stakeholders value.
Our firms' experienced professionals in audit, tax and advisory bring together a wide range of skills and experience having advised businesses across the globe including developers, contractors, operators, investors, occupiers as well as central, regional and local government organizations on all aspects of the B&C industries.