CONSTRUCTION & REAL ESTATE

A Solid Foundation is the Blueprint for Full Potential

In your relentless pursuit for success, you’ll need to elevate project management, integrate innovative technologies to drive efficiencies and uncover cost savings that don’t compromise quality.  Our team can create these successes with you. Efficiency drives productivity but it isn’t just about speed and quality, it’s how you revolutionize your work for the future.

ADDRESS YOUR CHALLENGES

Today’s road to success in Construction & Real Estate begins with accurately identifying your highest priority obstacles

Your challenges are not uncommon. Here’s what industry leaders are saying:

Human Capital Management

Labor is the most important commodity we have in the industry right now, but it is also one of our biggest challenges. We must focus on making sure we are creating working environments that will attract and retain talent.

Technology

The construction industry has fallen behind in terms of innovation in some areas. We must invest in preparing our organizational processes to take advantage of the advances being made.”

Cost Management

Some of these cost increases are making projects too expensive. We’re feeling the pressure and some projects are getting deferred or cancelled. We have to be creative and find alternative solutions.”

“With the rapid rise in inflation, the cost of running a property management business becomes exponentially more expensive, materials are harder to acquire and reliable vendors are difficult to find. We need to be able to find ways to cut costs.”

 

Supply Chain Management

“Supply chain problems are affecting all aspects of our construction projects. We have to be more diligent to ensure all items are being ordered and tracked. Those who are able to adapt quickly to supply chain challenges are doing a much better job meeting deadlines and ensuring quality remains at the forefront.”

Get in touch with our industry experts to see how you can set up your Construction & Real Estate business for success.
OUR APPROACH

Our construction consulting expertise ensures a blended methodology to simplify your complex Construction & Real Estate challenges and prioritize the most impactful solutions for your business

Our construction experience and discipline ensures that we focus on building you a solid foundation for value generation in your Construction & Real Estate practices that is sustainable because of our collaborative approach of solving key challenges together.

Our blended methodology includes a unique approach to Lean Six Sigma design, a dedication to client education, and expert Integrated Systems Engineering. This allows us to architect better models for Strategy, People, Process, and Technology, so you can successfully execute stronger performance for your business from the top-down and bottom-up.

Explore our core Construction & Real Estate services to learn more

Here’s a sample of a few specific areas we have transformed for a wide range of Construction & Real Estate clients
  • Organizational Strategy
  • IT Strategy, Innovation & Preparedness 
  • Organizational Structure Optimization
  • Process Improvement Initiatives
  • Cost Rationalization & Overhead Reductions
  • Project Inventory & Lifecycle System
  • Organizational & Project Risk Management
  • Roles & Responsibilities (R-Matrix) Alignment
  • Procure to Pay Lifecycle
Value comes from employing the right solutions
Together, we’ll materialize the impact of yours
INDUSTRY TRENDS: DEEP DIVE

Maintaining Margins Amid Significant Disruption

US OUTLOOK
  • Higher housing costs will dampen the growth of the residential construction market.  
  • The macroeconomic environment is disrupting data center construction activities.  
  • In August of 2023, Business Insider cited a 45% drop in investor-purchased homes during the second quarter. It also mentioned that investor purchases were falling faster than the overall decline in home sales to both investors and consumers. 
  • High-interest rates make financing real estate purchases much more costly. Consequently, over the next five years, demand for real estate from consumers is set to fall. Alongside falling demand, housing prices are expected to tumble, too, leaving the subsector in dire straits. 
  • Rising corporate profits and other business activity will strengthen the Rental and Leasing subsector through 2028, providing a bright spot in a generally glum outlook. 
  • Although an increase in renting will boost demand for property managers, corporations will suffer somewhat from a drop in business activity. This will limit growth moving forward. 
  • Renters enduring financial difficulties may downsize or search for more affordable rental options, pushing up the demand for a varied range of rental properties. Boosted demand for rental units could also lead to property owners investing in renovations and property updates. 
  • As large developers invest more in diverse properties such as commercial buildings, residential complexes, and hotels, the need for skilled property managers with expertise in managing various property types will grow, driving up demand for their services. 
  • Technological advancements will result in a higher demand for tech-savvy property managers who can harness these tools to efficiently manage properties and foster positive relationships with tenants. 
CANADIAN OUTLOOK
  • The current decline is primarily driven by reduced residential construction activity due to tightening monetary policies and a weaker economic outlook. 
  • Conversely, according Randstad, Canada’s construction sector is expected to grow at an 8.5% compound annual growth rate in 2024.  It currently employs about 1.2 million people, accounting for around 7% of the Canadian workforce. 
  • Non-residential construction will continue to benefit from public-sector investment in an array of infrastructure projects, including major transit, utility, and road, highway, and bridge projects in Ontario, British Columbia, Quebec, Nova Scotia, and Prince Edward Island, and strong demand for projects in the industrial, commercial, and institutional (ICI) sector in every province. 
  • E&C operations are being called upon to develop new and more sustainable buildings and to retrofit older spaces with energy-efficient, non-emitting materials. 
  • The pressure is on for Canada to become net-zero by 2050. 
  • While higher interest rates have lowered demand and slowed construction activity for new properties. The disparity between supply and demand for housing will continue to widen. 
  • Rising immigration and affordable housing priorities will boost the demand for lower-income rental properties. 
  • Rising interest rates have impacted homeownership potential putting more pressure on rental housing options. 
  • Office rentals may increase as companies continue to transition back to hybrid work options. 

Contractors who invest in new technologies are able to operate more efficiently and gain a competitive edge. These include making use of computer automated design, building information modeling, project costing and other management technologies. The adoption of new technologies and innovations, such as building information modelling (BIM) and virtual reality, is helping to improve efficiency, reduce waste, and enhance the safety and quality of construction projects. 

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