The world construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. This construction market involves all the large and small-scale projects in the world including other disciplines like mechanical, electrical, and process other than civil contribution.
But in all of these projects, Civil is always termed as the initial and core aspect of business in project sales. The question is how to increase the sales or no. of orders in financial years in project-based sales companies. This question lies with every project business-based company whether it’s mechanical, civil, or electrical in the field. Most companies close down in loss due to less capital for engaging each time in a new project, bidding and securing the contract, or even companies that start with good returns and project closure eventually come into a loss or open close life-cycle.
Actually, the question is how to put growth in Project Based Business and maximize its sales, because the life cycle of cash flows, execution payments, and project closure is very tricky.
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