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Comprehensive Report on Global Construction Industry

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May 30 2013

Research and Markets has announced the addition of the "Global Construction Industry Survey 2013-2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Construction Industry" report to their offering.

Global Construction Industry Survey 2013-2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Construction Industry is the result of an extensive survey drawn from Timetric's exclusive panel of respondents from the global construction industry's contractors and suppliers. The report provides data and analysis on contractor and developer expenditure, procurement and developments within the global construction industry. The report includes key topics such as contractor and developer expenditure, procurement behaviors and strategies. It also identifies the threats and opportunities within the global construction industry, economic outlook trends and business confidence levels of global construction industry executives.

Key Highlights

According to the survey, 56%, 55% and 45% of respective respondents identified cost containments', market uncertainty' and retention or recruitment of skilled staff' as pressing business concerns.
According to the survey results, 54% of respondents expect procurement expenditure to increase, while only 10% expect some decrease in expenditure.
Of all buyer respondents, 63% expect supplier prices to increase, while 5% expect a decrease and 31% expect no change.
Survey results show that 12% of buyer respondents have intention to implement' e-procurement in 2013.
Building materials', water supply and waste management', plant and heavy machinery', fire detection and suppression' and architects' are the key products and services to receive more investment in 2013.