The services provided to Clients from the industry of construction and construction materials are based on deep understanding of the industry issues.
Public-Private Partnership
While PPP projects are a very important source of construction and investment income for numerous big construction companies, they can also be risky. There is often a time-lag between making a construction offer and receiving income on the investment. Budget and schedule over-runs are common and can present a significant risk.
Fraud/ethics
Numerous construction and engineering companies become victims of serious economic crimes. Although the theft of assets might be regarded by some of them as an accepted risk of doing business in this industry the supervisory bodies are sensitive to companies that turn a blind eye to it. The companies should also be aware of the impact of such crimes on their reputation and share price.
Risk management
Construction undertakings involve considerable risk. They pose a great challenge both financially and logistically to companies constructing office buildings, production plants and factories. A fact of underestimating the risk may result in poor procurement strategy whereas inability to recruit sufficient staff qualified for the active management of risk related to the project implementation may lead to inferior project decision making.
Resolving disputes
Both inherent and frequently unexpected risk relating to new construction investments poses the biggest challenge to engineering and construction companies. For example, delays or interruptions to the investment entail putting enormous financial means and devoting a considerable amount of time by the management. It may result in a significant decrease in the company value.
Sustainable development
Engineering and construction companies respond in various ways to new pressures, expectations and factors that are to stimulate the sustainable strategy development. Long-term thinking companies attempt to solve problems related thereto and consider together with their stakeholders any kinds of the relevant risk and opportunities on current basis. However, the majority of companies still try only to provide compliance with requirements of the valid regulations and rules, thus overlooking broader opportunities provided by the sustainable development.
Relations with subcontractors
Construction contractors are under a constant pressure to increase mark-ups, reduce costs and improve predictability. The development of long-term relations with key strategic suppliers constitutes the most important element of this strategy execution. It refers to construction companies that should stimulate their contractors to take active actions, develop new solutions and approaches to problems and apply them in order to reduce the risk.
