Australian construction companies have faced a perfect storm of rising prices, labor and materials shortages, supply bottlenecks, interest rate rises, and extreme weather events. These factors have contributed to double-digit price spikes and squeezed construction profits.
So, it is no surprise that Australian construction leaders are approaching the future with caution, according to Procore’s soon-to-be-released How We Build Now benchmark report, which shares insights from 1,138 construction leaders across APAC. Views were also canvassed in Malaysia, New Zealand, the Philippines, and Singapore.
By and large, the industry is optimistic. But scratch below the surface, and the story is less rosy – especially for Australian construction companies. Continue reading here