Much of the industry is sitting on the precipice of digital transformation so it is especially encouraging to see the extent to which project certainty has improved over the last three years and the confidence that respondents have in this trend continuing.
THE REPORT’S OBJECTIVE
InEight annually surveys 300 large enterprise capital project and construction professionals in the Americas, APAC and Europe to gauge general confidence and optimism levels across the industry. This survey was designed and conducted in conjunction with a specialized global enterprise technology research partner. Results were then analyzed and submitted to InEight experts for commentary based on their experience and vantage points in the industry.
InEight surveyed 300 of the world’s largest capital project owner and contractor construction professionals in the Americas, APAC and EMEA. We got their responses to 25 questions to gauge overall confidence and optimism levels across the industry. Sixty-four percent of the respondents are project owners, while 36% are contractors.
PART 1: CONFIDENCE AND GROWTH
The overwhelming majority of owners and contractors surveyed during the height of COVID-19 were optimistic about their organization’s growth prospects for the next 12 months.
PART 2: PROJECT CERTAINTY
Innovation is spreading throughout the industry, and with new digital tools for estimating costs and assessing risk being put to work on jobsites, confidence in project certainty is expected to skyrocket.