In the 10th anniversary of the AECOM global Sentiment survey of 2019, not only is the global economic backdrop somewhat uncertain, but the industry is still struggling with the usual problems: skills and material shortages; procurement processes that do not apportion risk equitably (and that erode trust); slim margins for firms operating in the sector; and, a short-term mindset that focuses on price at the expense of value. On top of this, the short length of New Zealand's political cycle makes it more difficult than it should be to enact reforms and inhibits long-term planning by both businesses and government.
One of the key themes that emerged from the 2019 survey was the need for a clearer understanding of the future pipeline of work to give industry participants more certainty around planning for upcoming work and to allow them to build the right capacity to deliver essential infrastructure. The government's announcement on 9 May about an infrastructure pipeline was a welcome step in this direction.
An article has been included by AECOM's globel CEO, Mike S Burke, on finding new, creative solutions to deliver modern infrastructure systems, including the funding and financing of infrastructure.
This article formed part of AECOM's global Future of Infrastructure report and while that report was not specifically about New Zealand, this article offers some excellent insights into how to better deliver infrastructure that is equally applicable here.
Of special interest is the regional focus on New Zealand construction and infrastructure on pages 30-39.
Building on the work completed in stage one, BERL explored the data deeper in order to better understand the situation of the current Māori workforce today, especially in high risk sectors.
This research employed the Treasury’s Living Standards Framework (2017) to identify and delineate the economic footprint of the Pacific community within New Zealand’s economy.