Construction and Engineering
Given our excellent track record in the construction and engineering sector, CLA Global TS (formerly Nexia TS) had provided key advisory services to many large and reputable construction and engineering entities.
Some key projects are highlighted below:
- Listing of construction and engineering entities on the Singapore Exchange
- Assurance services for large private construction support companies
- Tax advisory services for public listed construction entities listed on the Singapore Exchange
- Internal audit services for public listed construction engineering companies
The domestic construction sector is set to grow backed by demand for public housing and other major infrastructure projects. However, the global economic uncertainty ahead, arising from the stumbling US economy and the tensions in Eurozone sovereign debt markets, remains a threat to the financial markets and business confidence. Besides the macro issues, local government policies which restrict employment of foreign workers is expected to hinder the growth of the construction industry. In response, construction companies may have to look into deploying more technology and re-engineering the work processes to undertake more jobs without the corresponding increase in workers.
In general, the construction and engineering sector continues to face the following challenges and risks:
- Rising cost of raw materials and labor
- Shortened economic cycles experienced in recent years
- Limited fund inflows to finance projects
- Identifying the right strategic partners for projects
- Compliance with regulatory & reporting requirements
- Managing financial risks
- Managing geographical risks
- Managing environmental and political risks
CLA Global TS works with clients to address challenges and risks faced by clients in the Construction and Engineering sector with its wealth of experience and professional capabilities.
