The Future of the Construction Industry in Poland

Construction Company Dundee

In Poland, the construction industry is one of the country’s largest sectors in terms of revenue. Currently, the top three construction companies in the country are Budimex Group, Strabag Group, and PORR Group. According to the 2023 & 2024 Market Share Reports from Mordor Intelligence, these three brands are among the leaders in the industry in terms of revenues and profitability.

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Many experts are warning that the Polish construction sector is in serious trouble. This is due to the fact that many large Polish construction companies have gone bankrupt after entering into contracts with GDDKiA (the central government body in charge of national roads). For example, in January 2014, the GDDKiA terminated the contract with the Polish company Polimex-Mostostal S.A for the construction of the A1 Rzeszow-Jaroslaw and A4 Strykow-Tuszyn sections of the S-69 express road. The reason for this move was the unexpected increase in construction materials costs, which exceeded expectations by several times.

Construction Company Dundee

The bankruptcy of such big construction firms triggered a domino effect on smaller companies acting locally as subcontractors in these projects. As a result, several thousand employees lost their jobs. Moreover, the construction companies’ earnings fell significantly in 2012 and 2013.

Besides the fact that the Polish economy is suffering, the Polish construction sector also suffers from the fact that the international economic situation is unfavourable and is slow to recover. This, in turn, slows down the demand for construction services. This is particularly the case for road construction.

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Many international construction companies are also sceptical about investing in Polish road infrastructure. They point out that the tendering procedures are unfair and that Polish law allows companies to bid below real construction costs in order to win a contract. They argue that the low margins for road construction make these projects no longer profitable. In addition, the prices of construction materials have increased by tenfold. This makes it difficult to calculate the real costs of a project.

For this reason, most foreign companies do not want to invest in road construction projects. However, some still see a future for Poland’s construction industry. CoBouw, a Polish-Dutch project development and construction company, is a good example of this. This company combines Dutch practicality and Polish creativity to provide modern turnkey solutions for complex buildings.

The Company’s activities are based on the following segments: Building Construction & Civil Engineering, Transportation Infrastructures and Metal. The former segment is responsible for the construction of motorways and expressways, national and municipal roads, industrial and commercial centres, logistics centres, office buildings and other public facilities. The latter segment carries out the construction of bridges and tunnels as well as the renovation of historic buildings. The Metal segment is engaged in the construction of steel structures, metallurgical and mechanical works and industrial plants. The Company’s activities are accompanied by a Research & Development function, as well as a Technical Service department.

 

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