The engineering and construction industry is a key indicator and driver of economic activity not only in Ireland but also globally. Ireland has enjoyed a period of exceptional economic growth over the past decade which has fuelled a significant construction sector boom. In the last year however the impact of uncertainty in financial markets has seen activity levels fall within the sector as margins increasingly come under pressure.
In addition the industry continues to face a range of both challenges and opportunities presented by the sustainability agenda, public-private partnerships, availability of natural resources, geographic expansion and security of the supply chain reflecting skills shortages in the sector and concern over the ability of specialist contractors to deliver.
PricewaterhouseCoopers is a leading provider of professional services to the engineering and construction sector, both in Ireland and internationally. Our construction industry specialists have the collective knowledge and experience to help you in these challenging times.
Publications
Global CEO survey: Engineering and construction results
How do CEOs in the engineering and construction sector view their current business environment particularly in the context of recent uncertainty in financial markets? This survey explores the challenges executives in the sector believe this environment presents and examines where they believe the real opportunities for growth lie.
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Building knowledge: Low-cost
sourcing from China
The engineering and construction sector has lagged behind manufacturing and retail industries in sourcing materials from low-cost countries. Did you know that as much as 10% of a companies' total spend in this sector could be suitable for low cost sourcing with a 30% on average cost saving achievable? With growing pressure of low margins and cost inflation, companies are looking to low-cost sourcing as a means of maintaining competitiveness.
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Building knowledge: Capital project procurement
In an increasingly competitive environment, with a recognised need for improved upfront planning for capital investment, a key element of the project planning phase is an effective procurement strategy. Here we examine how to establish a strategy that is well suited to the client organisation and aligned with the needs and circumstances of the project and market.
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