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The construction industry includes everything from small, local craft businesses to large contractors. According to official Norwegian statistics from 2019, there are more than 59,000 companies in the construction sector. Altogether, these companies have an annual turnover of more than NOK 560 billion and employ approximately 250,000 people. In 2019, it was also stated that construction was still Norway's most important industry sector following oil and gas.
There is extensive use of fixed price contracts in the construction industry. The risks associated with large, fixed price manufacturing projects can be significant and construction businesses need good operational and administrative routines to handle the inherent risk of the business in general. The construction industry is also characterized by variable economic conditions and significant competition from both national and international players. By utilizing expert knowledge, you can ensure to stay up to date and relevant in the traditional yet ever-changing sector of construction.
