Uncertainty derails $2.5 trillion in global construction activity projected for 2025

Uncertainty derails $2.5 trillion in global construction activity projected for 2025

Currie & Brown launches Construction Certainty Index to help organisations navigate rising volatility

Uncertainty derails $2.5 trillion in global construction activity projected for 2025 - Business in the News

Persistent uncertainty is set to wipe $2.5 trillion from the value of construction activity globally this year, disrupting delivery across markets. That’s according to new global research from Currie & Brown, a world-leading provider of cost management, project management and advisory services. The report, titled Building certainty in an era of relentless change surveys over 1,000 global decision-makers, each responsible for construction pipelin…

$2.5 trillion of projected construction activity lost to uncertainty

A first-of-its-kind report from Currie & Brown has highlighted the catastrophic effects of uncertainty on global construction A quarter of projects were cancelled in the last 12 months due to uncertainty, while 32% of projects were de-scoped due to uncertainty, according to the Construction Uncertainty Index. Primary factors causing global uncertainty include cost inflation, energy price volatility, supply chain disruptions, and labour and skill…