At long last, the recovery has reached the construction industry, and as contractors race to capitalise on the rises in demand, it is important to reflect on the business lessons learnt during the downturn.
Having worked with many of the major contractors throughout the challenging market of recent years, here we offer some observations on the key insights that will bolster performance and resilience for construction companies going forward – the ‘Building blocks for growth’:
This is a cyclical sector – with more focus on reading the economic conditions and pipeline, could contractors have predicted and responded to the downturn more effectively? Did they have the right controls, people, data and processes in place to manage as well as could be expected?
Coming out of the recession will pose its own challenges too, particularly around managing supply chain risk and as companies stretch to deliver order books won at competitive rates in the context of rising prices.
As always, we would be very interested to hear your views. Feel free to share your feedback and reflections with your usual Deloitte contact or contact us at email@example.com
The right mix for the challenges of the construction market
Deloitte offers a truly comprehensive range of business advisory services for building contractors - from strategic and financial advisory to PPP bid support and operations consulting, as well as specialist contract and commercial risk management expertise.
With a deep understanding of the sector and extensive industry experience, our dedicated Contractors network brings together the very best of Deloitte’s leading expertise into practical, integrated solutions to address the challenges and opportunities across the construction market.
|African construction trends report 2013
A view of construction across the continent.
|Real Estate Predictions 2014
|UK Cities Crane Survey 2013
Tracking the construction trends across UK cities.
|GCC Powers of Construction 2013
Delivering mega projects in the Middle East.
|The Global PPP Market 2012
A PPP Bulletin & Partnerships Bulletin survey, in association with Deloitte.
|‘Attack the Flat’ – Article #2
Making capital work – unlocking cash through cross-collaboration.
|‘Attack the Flat’ - Article #1:
Strategies to succeed in the challenging construction market.