CA Sandesh Mundra
Consult Us For Construction
Basics of E&C Accounting
Building sustainable value — for today and tomorrow
The Canadian engineering and construction (E&C) industry is a complex, rapidly evolving sector offering high risk and high rewards to players at all levels. CEOs in this industry face constant pressure to identify and exploit opportunities for growth, manage risk, control costs and attract and retain skilled people who can complete projects on time and on budget. It isn't easy.
To stay ahead of competitors, E&C companies need to be aware of how their industry is changing and the forces that are driving that change. The issues having the largest impact on the E&C sector include:
- Mergers and Acquisitions
- Infrastructure and Public-Private Partnerships (PPP)
- Conversion to International Financial Reporting Standards
- International Mobility
- Economic Crime
- Operational and Financial Effectiveness
- Capital Projects
On our Global E&C website, we discuss other major issues affecting the sector, including:
- Financing of projects
- Emerging markets
- Business control/project management
- People in the industry
- Cost reduction
These are not insignificant challenges. It takes industry-specific knowledge and dedication to continued growth to manage these pressures and create sustainable value.
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