Today’s global construction market is worth approximately $3.25trn (£226trn), reflecting the fact that a significant percentage of each nation’s GDP is spent on construction. How long an international construction project takes and how much it costs will depend on a range of variable factors, but an experienced operator can anticipate many of the risks attributed to such uncertainties.
The economic and political climate in the host country can be a major influence on the constructor’s decision whether or not to become involved in a project. For public work contracts the constructor needs to make an informed assessment of the Government’s economic performance and political stability in order to be sure that it is fiscally responsible and will act decisively. There are many risks to be considered in the implementation of an international capital project, some of which will be described in more detail below.
