BUILD Magazine proudly welcomes you to the ninth annual Construction and Engineering Awards!
Each year, the research and judging team here at BUILD take a deep dive into the Construction and Engineering sectors, in order to bring you our trusted guide to the trailblazing companies that are disrupting the industry and shaping this vital market today. The Construction and Engineering Awards 2024 are poised to be our most in-depth campaign yet, encompassing every stage of the construction process – from design, planning, to execution and maintenance – and will cover key players across the entire global market.
According to a report by McKinsey, Construction is the largest industry in the world – making up over thirteen percent of worldwide GDP and employing over two hundred million people. The sector has faced numerous challenges over the past few years, with workforce and materials shortages, rising production costs, surging interest rates, and increasing environmental concerns just a few examples of the hurdles that the Construction and Engineering industry has had to contend with. Even with these issues, the global Construction market is predicted to experience a steady annual growth rate of six percent up to 2032, with many experts anticipating the sector to be entering a period of significant transformation. Likewise, the global Engineering market is also expanding, with reports forecasting that the industry will be valued at over a trillion dollars over the next few years.
Factors including population growth, investment in infrastructure, rapid urbanisation, a rise in government initiatives, and economic stabilisation have all led to increased demand for construction and engineering services. Companies operating in these fields have had to adapt and innovate in order to keep up with these evolving requirements, with advancements in technology at the centre of this. Many of the latest technologies being leveraged by E&C companies involve digital and virtual solutions. Software such as B.I.M. and C.A.D. allow for virtual models of buildings and structures to be designed prior to being built physically, which has increased productivity, improved profit margins, and lowered costs. Other disruptive technologies like robotics, 3.D. printing, and drones have had a significant impact on improvements in efficiency and safety, as well as substantially reducing construction waste.
BUILD welcomes organisations of all sizes and revenues to take part in the Construction and Engineering Awards, as each recipient is judged on merit and contributions to the field rather than popularity or industry standing. Whether you are a sole-trader, small business owner, or represent a large corporation, you have an equal chance of being recognised in the programme. If you are successful, you will receive a free-of-charge marketing toolkit to celebrate the award. There will also be an opportunity to upgrade to additional advertising packages, which are designed to maximise the exposure gained from the award and provide tools to assist you with your own marketing strategies.
If you would like to be considered in the Construction and Engineering Awards 2024, simply click ‘Vote Now’, and complete the submission form provided. BUILD wishes the best of luck to all of this year’s nominees!