Industria
Uncertainty derails $2.5 trillion in global construction activity projected for 2025
The report, Building certainty in an era of relentless change, surveyed 1,060 global decision-makers responsible for construction pipelines averaging $12.9 billion .
On average, respondents reported financial losses equivalent to 13.7% of their pipeline in the past year due to uncertainty – a $2.1 billion impact per organisation. Nearly a third of projects were descoped, delayed or cancelled. Only one in five leaders said they were fully confident in staying on budget.
The primary risks include material cost inflation, energy price volatility, supply chain disruption and labour shortages. All of these are expected to intensify.
, Group Chief Executive Officer, Currie & Brown comments:
"Persistent uncertainty is the new normal in construction. Much of it is driven by external forces such as rising costs and political shifts. But systemic issues are critical too. Outdated procurement, misaligned objectives and incomplete designs continue to embed risk. We must address these challenges or the disruption will escalate. And that's not acceptable. Construction underpins economies and improves lives. This industry is too important to fall behind."
To address these challenges, Currie & Brown has launched the . It tracks forward-looking confidence and the impact of risk on global projects.
The index helps organisations see where they stand and where to act. While there's no single fix, the report identifies four connected areas to build resilience:
The report also issues a clear call to action. The industry cannot fix this alone. Tackling systemic uncertainty will require collective effort from governments, asset owners and delivery partners worldwide.
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Currie & Brown is a world-leading project management, cost management and advisory services firm, helping clients to deliver with certainty across every sector and stage of the project lifecycle.
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