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PM-Now > Interesting Links and Articles
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Interesting Links and Articles
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Public Private Partnerships
Australian Constructors Association
 as a policy and procurement tool to develop both social and economic infrastructure.</P><P class=m-body><A href=)
This 24 page booklet is available online or you may request free printed copies. Online you have two options to view: Click here to Download | | |
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State of Play
Australian Constructors Association
The Australian Construction Industry
in November 2008
The global economic and financial crisis has brought an end to a period of sustained strong expansion in the construction sector. While demand for mining and engineering projects will continue to remain strong, the remainder of the construction sector is experiencing significantly weaker conditions.
There is a range of other issues also impacting on the industry, including labour and capital supply constraints
and high costs, which constitute a significant risk to the growth and development of individual firms and the industry as a whole.
This report updates the current state of the Australian construction industry, and provides insights into the major issues and challenges confronting construction firms. Click here to Download from ACA | | |
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Engineering and Commercial Construction
to Weaken further through to 2010
Australian Constructors Association
Construction Outlook Report May 2009
Following a sustained period of solid growth, Australia’s leading
construction companies are forecasting a marked slowdown in the rate of activity growth through 2009, followed by a decline in 2010.
KEY FINDINGS
- The latest Australian Industry Group/Australian Constructors Association Construction Outlook survey reveals that after rising by 9.9% in 2008 (current prices), the value of engineering and commercial construction work is forecast to moderate sharply to
a 2.3% growth rate in 2009. Thereafter, a fall of 2.4% is expected in 2010 driven by a reduction in heavy investment in the resources sector, declines in mining related infrastructure projects, and weaker private sector commercial building activity.
- Despite this, the total value of construction work done by the private sector is expected to remain at a high level overall, with a forecast value of $91.2 billion in 2010, to be 20.8% above the level of 2007, and to represent an almost four-fold increase on the previous low point of 2001.
- Within the engineering construction sector, the most marked contractions in activity in 2010 are forecast in mining projects, heavy industrial resource based projects, and “other” civil projects (including bridges, terminals and port facilities), reflecting the deferral and cancellation of projects and falling commodity prices. Engineering construction, is however, expected to gain support from continued growth in the oil and gas sector, transport infrastructure, electricity generation and supply and sewerage and water supply projects.
- Reflecting tight credit conditions and weak investor sentiment across the property market, private sector commercial construction is predicted to contract in 2009 and 2010 by 5.1% and 15.4% respectively. This decline, however, is expected to be cushioned by growth in public sector non-residential building activity, mainly reflecting continued increases in health and education sector construction and redevelopments.
OUTLOOK 2009
Following a strong period of growth since 2001, the rate of increase in construction revenue is forecast to decelerate to 2.3% in 2009.
- Underlying this weakening outlook, the infrastructure market is forecast to register growth of 3.3% in 2009 after expanding by 19.0% in 2008, with declines in “other” civil projects (-13.2%) and pipelines (-2.7%) constituting the major negative influences. A slower rate of growth in revenue is expected to be generated from roads (8.6%), rail (13.2%), electricity generation and supply (1.9%), sewerage and water supply projects (3.7%) and telecommunications (1.0%).
- Reflecting sharp falls in commodity prices and weakening minerals demand, the mining sector is forecast to rise at a slower rate of 1.7%, following average annual growth of 21.3% over the previous three years.
- Within the heavy industrial construction market, growth is expected to be mainly centered on the oil and gas processing sector (9.4%) in line with the substantial number of large projects in the pipeline.
- Non-residential building (commercial construction) is expected to post marginal growth of 1.3%, due to the negative impact of a forecast 5.1% fall in private building activity, which contrasts with a 16.2% rise in public sector building.
View the full Report: October 2008.pdf or October 2008.zip
WHAT IS THE CONSTRUCTION OUTLOOK REPORT?
The Australian Industry Group survey was conducted in March/
April 2009 in association with the Australian Constructors
Association, the peak industry body representing the nation’s
major construction contractors. The survey covered the responses of 100 companies employing almost 77,000 persons with combined turnover of almost $27 billion or approximately 30% of total industry activity.
This survey provides an estimate of the dollar value of turnover in 2010 for the engineering and non-residential building industry. This estimate has been derived by applying the survey forecasts (2009 and 2010 % changes) to Australian
Bureau of Statistics Value of Work Done – Australia (original
series data). The estimate of the total value of construction by the private sector excludes the value of overseas business. This estimate may include a small proportion of work undertaken by the public sector.
PREVIOUS REPORT ARCHIVES
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