1、2024BDO Construction ReportExecutive summaryNow in its fifth year,our 2024 BDO Construction Report provides comprehensive insights into the financial and operational health of the construction industry in Australia.We surveyed a group of large construction companies to explore both financial and non

2、-financial metrics including revenue,pipeline and projects,productivity initiatives,progression of diversity,equity and inclusion,and sentiments around environmental,social,and corporate governance(ESG)requirements.This years survey highlights several key trends and challenges:Revenue The industry c

3、ontinues to see positive revenue growth,although high costs and legacy projects mean profit margins remain under pressure,and subcontractor and supply chain issues continue to pose significant risks.Companies must focus on robust risk management strategies to address these challenges,which ultimatel

4、y affect productivity and the bottom line.ProjectsMany construction companies continue to deal with legacy projects from the COVID-impacted period.According to respondents,many FY24 projects were shifting towards return clients and known markets,so nurturing those relationships should be considered

5、a priority to maintain a healthy pipeline and profitable growth.Productivity Productivity continues to be a challenge,with many companies reporting the biggest roadblocks being project delays,ineffective processes,supply chain disruptions and labour shortages.While modular building techniques and ar

6、tificial intelligence(AI)are being explored by some as solutions to alleviate some productivity problems,our reported findings indicate that uptake of these initiatives are yet to be widespread.01BDO Construction Report 2024WorkforceSkilled worker shortages are impacting the industry,and efforts to