As we move swiftly towards the final quarter of the year the focus for many of CGC’s clients over the last month has been towards tendering for upcoming projects in the construction and engineering sectors. With some large projects currently in bid phase and awards imminent we have been strategically targeting specific industry hotspots. So what are the projects to look out for in the next 3 months?
In the construction sector a large focus has been on upcoming hospital projects in Geelong (Vic), Royal North Shore (NSW), Wagga Wagga (NSW), Port Macquarie (NSW) and Campbelltown (NSW). This has increased the demand for construction Project Managers and Contracts Administrators with specific healthcare and tier one contractor experience to assist with bids for major multi-million dollar projects. In terms of delivery the residential construction sector remains strong with large subdivisions for 1, 2 and 3 bed units going up on the outskirts of Melbourne, Sydney and Brisbane CBDs.
In the infrastructure sector upgrades are continuing on the Pacific Highway with tenders for Nambucca Heads to Urunga and Woolgoolga to Ballina (NSW) both due by the end of the year and the anticipated awards of the North Sydney freight line projects at Strathfield, Gosford and Thornleigh expected imminently. With regards to current delivery demand remains strong for FIFO roles in QLD specifically for Engineers and Supervisors with earthworks experience and HSEQ and Environmental coordinators with large scale infrastructure experience. In Victoria Supervisors and PMs with subdivisions experience are in demand whilst rail systems candidates are in short supply in WA.
All in all the mood in the construction and engineering sectors remains one of cautious optimism. With several large scale government projects upcoming, supported by the underlying strength of the mining sector there is reason to be optimistic for the final quarter of 2012. This mood is reflected by the Australian stock market which closed at a three month high on Friday, raising for a fifth consecutive week, making the largest run of weekly gains in more than two years.
Whilst the expected announcement of profit drops at BHP this week will undoubtedly impact the markets there is still an underlying confidence within the industry that Chinese demand will continue to lift in the fourth quarter. It remains to be seen how this will affect upcoming project pipelines and the mining sector however on a local level we are still seeing a strong demand for highly skilled experience professionals across the board. It is anticipated that with various projects to come online in 2013 that next year will be one of major project delivery particularly in the non-resource based states of Victoria and NSW.