Turbulences in CEE Construction industry
Date: 26.11.2009
Company: KPMG Česká republika, s.r.o.
CEEC Research in cooperation with KPMG Czech Republic conducted a research of the Czech, Polish, Hungarian and Slovak construction sectors. Impacts of the current economic crisis are evident in all of them, however, their extent differs from country to country.
The main findings of the study are as follows:
- One of the most serious factors limiting construction companies’ growth is insufficient demand, which is much more significant than last year.
- In all the countries, capacities utilization has decreased compared to 2008.
- Due to a lack of contracts available on the market, companies are now using various ways to gain them. The most common one in 2009 is personal contacts.
- Respondents throughout the region have similar opinion on the transparency of tenders, however, their experience with bribery and breaking their risk management policies in order to gain contract is different.
- The key priority for construction companies in the next twelve months is improvement in
their business/operational efficiency. Their aim is to overcome the present hard times and create stable background for future growth.
To download the study click here.
