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Concerns of Failure a Reality in Global Construction Projects

from Daily Commercial News

A KPMG International survey interviewing construction project owners around the globe found that despite having confidence in planning and controls, failures still weigh heavily on the industry, with less than one-third of projects completed on time and on budget. According to the results, only 31 per cent of respondents' projects came within 10 per cent of the budget in the past three years, with 25 per cent coming within 10 percent of the original deadline within the past three years. Fifty-three per cent suffered one or more underperforming projects in the previous year as well, the report notes. more

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