The report also acknowledged the alignment of softening sentiment and weakening market conditions . Construction sector confidence has eased slightly in Australia , with projected strong sentiment for the next 12 months dropping by 5 %. However , there is an almost 20 % decline in projected confidence across New Zealand .

This led to an overall softening of expected success for construction firms in ANZ . Smaller size construction firms are anticipating a sharper softening in market conditions . This is borne out with fewer – around 10 % – firms believing they will see an increase in the value of projects over the coming months for firms of any size .

“ An interesting outcome of this research highlighted one central consideration . The construction sector will continue to have a fundamental problem with how it operates unless it capitalises on the opportunity to digitise its processes and business – effectively stopping the ripple effect of not knowing what is happening in real time . The costs to industry are now too significant for technology solutions and their benefits to be ignored ,” Karemacher concluded . �

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