Construction/Contracting

There’s no doubt that commercial construction is big business. Despite the fact that construction suffered a worldwide correction in 2020 due to the COVID-19 pandemic, ReportLinker estimates that “global construction output will expand by 4.5% in 2021,” and Statista reported that the “construction industry grew to a spending value of close to 12 trillion U.S. dollars before the coronavirus pandemic.” But this doesn’t mean that the industry is without challenges. A 2015 report by KPMG discovered that more than two-thirds of owners blame contractors for underperforming construction projects and more than half had an underperforming project during the last year.