DOCSLIB.ORG

Annual Report 2016 Report Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2016 Report Annual OF LIFE ANNUAL REPORT 2016 REPORT ANNUAL IMPROVING QUALITY Arcadis NV Annual Report 2016 IMPROVING QUALITY OF LIFE This Annual Report contains interactive elements. Click on this button to go to the overall index. This document is optimized for Acrobat Reader. OUR STORY From climate change and rising sea levels, to rapid urbanization and pressures on INTRODUCTION natural resources, our world has become a more complex place. 2 Arcadis helps clients navigate this complexity by understanding the bigger picture. 2 At a glance Whether it is improving spaces in our cities, making wasteland habitable or simply 4 Our core values taking what clients do further, we deliver exceptional and sustainable outcomes safely 5 Geographical presence and consistently. 6 Message from the CEO 8 Value creation in four steps Connecting our clients' vision to our know-how, our people work collaboratively to create 8 Our operating environment 10 Our value creation model value through built and natural assets that work in harmony with their surroundings – 12 Our strategy from shopping centers in Shanghai or clean water solutions in São Paulo, to new rail 13 The Arcadis way of working systems in Doha and clean air initiatives in Los Angeles. In this way, we apply our experience protecting the Dutch coast for generations to securing New York’s flood defenses today. So whatever the challenges our clients face, our teams bring the necessary perspective to provide the right answers, now and in the future. STRATEGY & BUSINESS ARCADIS. IMPROVING QUALITY OF LIFE 15 16 Our strategy 20 Materiality and stakeholder engagement 26 Global business lines 26 Infrastructure 30 Water 36 Environment 40 Buildings INTRODUCTION TABLE OF CONTENTS PERFORMANCE FINANCIAL 45 & DEVELOPMENTS 145 STATEMENTS 46 Value creation for employees 147 Consolidated Income statement 54 Value creation for investors 148 Consolidated statement of Comprehensive Income 62 Value creation for clients 149 Consolidated Balance sheet 68 Value creation for society 150 Consolidated statement of changes in equity 82 Performance & developments by segment 151 Consolidated Cash flow statement 82 Americas 152 Notes to the Consolidated financial statements 88 Europe and Middle East 205 Company Balance sheet 96 Asia Pacific 206 Company Income statement 102 CallisonRTKL 207 Notes to the Company financial statements GOVERNANCE OTHER 107 & COMPLIANCE 217 INFORMATION 108 Composition of the Executive Board 218 Other information 109 Composition of the Supervisory Board 219 Independent auditor’s report 111 Overview of Senior Management 226 Five-year summary 114 Risk Management 227 Other financial data 126 Report by the Supervisory Board 228 Segment information 134 Corporate Governance report 229 Company addresses 139 Remuneration report 231 Glossary At a glance INTRODUCTION AT A GLANCE INTRODUCTION | AT A GLANCE GROSS REVENUES ATA In € GLANCE 3,329 mln Arcadis is the leading global Design & Consultancy firm SPREAD GROSS REVENUES for natural and built assets. Applying our deep market In % sector insights and collaborative Design, Consultancy, Engineering, Project and Management services we work 25 in partnership with our clients to deliver exceptional and 36 sustainable outcomes throughout the lifecycle of their Our four natural and built assets. Our talented people work in 13 segments four segments and across our four business lines, enabling 26 us to leverage our expertise globally and service our clients locally. Committed to improving quality of life in rapidly growing cities around the world, we support UN-Habitat Infrastructure with knowledge and expertise. Water Environment Buildings OUR PASSION Improve the quality of life and be recognized as the best OUR MISSION ACTIVE IN 70+ COUNTRIES To create exceptional and sustainable outcomes for our clients We operate as a global, integrated firm. Working in natural and built asset environments together to bring the best of Arcadis to our clients, whatever their sector, and wherever they are in OUR GOALS the world. • Create sustainable solutions • Deliver exceptional outcomes • Realize people's potential • Enjoy the journey 2 Arcadis Annual Report 2016 AT A GLANCE | INTRODUCTION FOR THE YEAR 2016 AMERICAS SEGMENT BASED ON GEOGRAPHY: In € • North America • Latin America NUMBER OF EMPLOYEES 27,080 1,227 mln Headcount at 31 Dec OPERATING EBITA MARGIN % EUROPE AND MIDDLE EAST SEGMENT BASED ON GEOGRAPHY: 7.1 In € • Continental Europe • United Kingdom • Middle East mln 1,398 FREE CASH FLOW In € 80 mln SEGMENT BASED ON GEOGRAPHY: ASIA PACIFIC In € • Asia • Australia Pacific NET INCOME FROM OPERATIONS 91 mln 378 mln In € CARBON FOOTPRINT Per FTE MT CO2 CALLISONRTKL SEGMENT BASED ON GLOBAL 3.41 In € WORK PRACTICES: • Commercial • Healthcare • Retail 326 mln • Workplace Arcadis Annual Report 2016 3 Our core values INTRODUCTION INTRODUCTION | OUR CORE VALUES OUR CORE VALUES At Arcadis we rely on our core values to guide us in everything we do, while we base business decisions on our vision and strategy. Our primary aim is long-term development and our focus is to deliver exceptional and sustainable solutions to our clients, and pursuing new opportunities that fit our capabilities. In doing so, we contribute to sustainably solving the challenges that clients and communities face around the world. We differentiate ourselves through our talented and passionate people, our unique combination of capabilities covering the whole asset lifecycle, our deep market sector insights, and our ability to seamlessly integrate health and safety and sustainability into the design of our solutions around the globe. INTEGRITY We perform business in an honest and reliable way, OUR CORE VALUES working to the highest possible standards. CLIENT FOCUS We are entrepreneurial and agile, passionate about creating value for our clients and achieving high performance. COLLABORATION We believe in diversity, the power of global teamwork and that by working as one we can deliver exceptional outcomes. SUSTAINABILITY We have the responsibility to sustain our world and society in a balanced way, with the health, safety and well-being of people and stakeholders central to all we do. 4 Arcadis Annual Report 2016 Geographical presence GEOGRAPHICAL PRESENCE | INTRODUCTION GEOGRAPHICAL PRESENCE ~27,000 30,000+ EMPLOYEES WORLDWIDE PROJECTS ~3,900 ~6,200 UNITED CONTINENTAL ~6,300 KINGDOM EUROPE NORTH AMERICA ~4,900 ~1,700 ASIA MIDDLE EAST ~1,800 ~1,400 LATIN AMERICA GLOBAL EXCELLENCE 70+ CENTERS COUNTRIES WHERE ~800 ARCADIS HAS AUSTRALIA COMPLETED PROJECTS 300+ PACIFIC OFFICES IN 40+ COUNTRIES Arcadis Annual Report 2016 5 Message from the CEO MESSAGE FROM THE CEO INTRODUCTION | MESSAGE FROM THE CEO 2016 was a challenging year for Arcadis, and one where we adapted the organization and shifted priorities to manage the transition in our markets to be well positioned for profitable growth. 2016: A YEAR OF TRANSITION At a performance level, many of the economic issues we faced in 2015 continued to impact our results throughout the year. The deep recession in Brazil in particular impacted our revenues and profitability, and “THE GREAT WORK WE DO FOR our North America business faced intense competition and changing OUR CLIENTS, CREATING POSITIVE business dynamics driven by low oil and gas prices. In the Middle East lower energy prices continued to cause clients to postpone investments, IMPACT AND SUSTAINABLE while demand also slowed in parts of Asia. Brexit in the UK has led OUTCOMES IS WHAT EXCITES to delayed investments in the building sector, but our infrastructure OUR PEOPLE AND WHAT GIVES business continues to grow there. Our UK and Australian businesses did well in 2016, and, together with Continental Europe, continued US CONFIDENCE IN THE FUTURE.” to deliver organic revenue growth. Our strong backlog again demonstrates that our service offerings appeal to our clients. We had some impressive project wins in 2016 including the Thames Tideway Tunnel in London, Wuhan Sponge City in China, the Regional Connector Transit Project in Los Angeles, and many more in every region we operate in. We are making good progress on managing our net working capital, but, as we indicated in the course of 2016, outstanding debts in the Middle East will also have an impact in 2017. Our free cash flow was solid, and we kept our net debt stable, having a net debt to EBITDA ratio of 2.3 at year-end. 6 Arcadis Annual Report 2016 MESSAGE FROM THE CEO | INTRODUCTION The dynamics in parts of our business are also changing. Many of our clients are under We completed our Performance Excellence program and have now rolled the initiative pressure to deliver cost savings, whilst geopolitical risks are mounting and creating into our wider business improvement program, the Arcadis Way. Performance Excellence uncertainty. There are also opportunities such as digitalization, enabling new solutions at has delivered significant benefits and the Arcadis Way will ensure we retain these gains. We different price points. Arcadis is adapting to these dynamics, ensuring that the organization successfully launched the Arcadis Way in Asia and paved the way for the rollout in Australia is more agile and globally collaborative. We are innovating our service offerings with new Pacific, the UK, and the Middle East in 2017, thereby harmonizing our global processes, integrated solutions and we are making investments in areas like digital, to ensure we making our operations more efficient, increasing transparency through high-quality­­ business capture market opportunities.
Load more

Recommended publications
  • Driving Change Next Generation Thinking | Sustainable Delivery Driving Change “The World Is Changing Rapidly and So Are We
    Annual Integrated Report 2019 Driving change Next generation thinking | Sustainable delivery Driving change “The world is changing rapidly and so are we. Arcadis is transforming into a data and insight-driven provider of products and services putting the human experience at the center of what we do. This evolution will enable us to create sustainable and resilient cities and industries that thrive and improve quality of life for people around the world.” Peter Oosterveer, CEO Executive Supervisory Financial Other Introduction Board report Board report statements information Arcadis Annual Integrated Report 2019 83 Triodos Bank Office matches client’s sustainable purpose Driebergen-Zeist, The Netherlands Supporting Triodos as a partner in designing and planning their new home space. Arcadis was part of the design team and delivered services focused on Landscape Architecture & Urbanism, design of the innovative solar cellar roof. BREEAM-certification, (spatial) planning and environmental research (heritage, sustainable mobility, soil, ecology, hydrology and archeology). Challenge Solution Impact The sustainable Triodos Bank is growing fast and Matching their purpose, Triodos built a completely The new office creates room for improving the needed a new headquarter. The building site is located sustainable office-based on circular design principles, ecological structure and biodiversity. The construction on an old and cultural-historical valuable estate in a with the use of bio-based materials and re-used is designed in a way that components and materials protected ecological zone. materials. The building is also energy neutral based can easily be disassembled, without losing value. on heat-cold storage and green roofs. Solar panels are The building and estate reached the highest BREEAM placed above the parking lot.
    [Show full text]
  • Sustainable Solutions | Digital Leadership | Focus And
    Annual Integrated Report 2020 Maximizing Sustainable solutions | Digital Leadership | Focus and Scale Executive Supervisory Financial Other Introduction Board report Board report statements information Arcadis Annual Integrated Report 2020 Maximizing impact “ Climate change, inequality, a growing global population and resulting demand on natural resources put increasingly more strain on societies. We are making the right choices in addressing these challenges by delivering sustainable people-centric solutions, focus where we can win and to maintain a resilient business. We are maximizing our impact in our projects, driven by our passion to improve quality of life, making the world we live in a better place for our people, clients and communities.” Peter Oosterveer, CEO Company fi nancial statements Executive Supervisory Financial Other Introduction Board report Board report statements information Arcadis Annual Integrated Report 2020 New York City Economic Development Corporation and Mayor’s Offi ce of Resiliency | New York, United States Sustainable Protecting Lower Manhattan solutions Strengthening climate Soaring skyscrapers flank historic cobblestone streets. Wall Street borders quaint storefronts. resilience Bustling days are balanced with easy going weekends along the water. As next-door neighbors, Challenge the Financial and Seaport Districts make a dynamic duo. But the distinct and vibrant character Our resilience specialists are of these two neighborhoods also make them particularly susceptible to flooding. The density helping city leaders create a of buildings, low-lying streets, an active waterfront and complex transportation infrastructure comprehensive action plan to present unique challenges. Realizing traditional flood protection measures would not be 62,000 residents protected protect the Financial District feasible, New York City leaders turned to Arcadis to design a bold, new climate resilience plan.
    [Show full text]
  • Disaster Recovery Operations July 2013
    Imagine the result PROPOSAL Invitation to Negotiate (ITN) Number 1228LCSA State University System (SUS) Disaster Recovery Operations July 2013 ITN Number 1228LCSA SUS Disaster Recovery Operations 1 TABLE OF CONTENTS Pages Section A Experience of Proposer 2 - 6 Section B Qualifications of Proposer 7 - 10 Section C Staffing Matrix and Office Locations 11 - 20 Section D Financial Status of Proposer 21 - 33 Section E Technical Qualifications of Proposer 34 - 41 Section F Pricing for Applicable Labor 42-43 Section G Pricing for Applicable Equipment 44 Section H Equipment Availability 45 Required Documents Appendix II – Supplemental Offer Sheet Terms and Conditions Appendix III – Certificate of Non-Segregated Facilities and SubPart – Contractor’s Agreement Appendix IV – Compliance and Certification of Good Standings Addendum I Acknowledgement Appendix Resumes 66010984.0001 | TAM Section A Invitation to Negotiate (ITN) Number 1228LCSA State University System (SUS) Disaster Recovery Operations Section A Experience of Proposer ITN Number 1228LCSA SUS Disaster Recovery Operations 2 Experience of Proposer Brief Overview of ARCADIS ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings. We enhance mobility, sustainability and quality of life by creating balance in the built and natural environments. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With 22,000 employees and more than $3.3 billion in revenues, the company has an extensive international network supported by strong local market positions. We have a dedicated Emergency Management and Security unit based in the State of Florida. ARCADIS’ ARCADIS was established in the United States in Delaware as Geraghty & Miller in 1957.
    [Show full text]
  • Sustainable Solutions | Digital Leadership | Focus And
    Annual Integrated Report 2020 Maximizing Sustainable solutions | Digital Leadership | Focus and Scale Executive Supervisory Financial Other Introduction Board report Board report statements information Arcadis Annual Integrated Report 2020 Maximizing impact “ Climate change, inequality, a growing global population and resulting demand on natural resources put increasingly more strain on societies. We are making the right choices in addressing these challenges by delivering sustainable people-centric solutions, focus where we can win and to maintain a resilient business. We are maximizing our impact in our projects, driven by our passion to improve quality of life, making the world we live in a better place for our people, clients and communities.” Peter Oosterveer, CEO Company fi nancial statements Executive Supervisory Financial Other Introduction Board report Board report statements information Arcadis Annual Integrated Report 2020 New York City Economic Development Corporation and Mayor’s O ce of Resiliency | New York, United States Sustainable Protecting Lower Manhattan solutions Strengthening climate Soaring skyscrapers flank historic cobblestone streets. Wall Street borders quaint storefronts. resilience Bustling days are balanced with easy going weekends along the water. As next-door neighbors, Challenge the Financial and Seaport Districts make a dynamic duo. But the distinct and vibrant character Our resilience specialists are of these two neighborhoods also make them particularly susceptible to flooding. The density helping city leaders create a of buildings, low-lying streets, an active waterfront and complex transportation infrastructure comprehensive action plan to present unique challenges. Realizing traditional flood protection measures would not be 62,000 residents protected protect the Financial District feasible, New York City leaders turned to Arcadis to design a bold, new climate resilience plan.
    [Show full text]
  • Arcadis Annual Integrated Report 2017 Arcadis Annual Integrated Report 2017 5 Message from the CEO
    Arcadis NV NV Arcadis Annual Integrated Report 2017 Report Integrated Annual CREATING MEANINGFUL IMPACT MEANINGFUL CREATING CREATING A SUSTAINABLE FUTURE Annual Integrated Report 2017 This Annual Integrated Report contains interactive elements. Click on this button to go to the overall index. This document is optimized for Acrobat Reader. CREATING A SUSTAINABLE FUTURE 157 FINANCIAL 23 EXECUTIVE BOARD REPORT STATEMENTS 24 OUR NEW STRATEGY 159 Consolidated financial “Over the coming years we will foster a strong 24 Our new strategy statements culture which will allow our passionate people 25 Strategic context 84 Performance by segment 219 Company financial 26 Mega trends 84 Europe & Middle East statements to blossom, exceed our clients’ expectations and 27 Stakeholder dialogue 94 Americas create growth by focusing on our strengths. 30 Sustainable development 102 Asia Pacific 232 OTHER goals as relevant for Arcadis 110 CallisonRTKL INFORMATION 32 Competitive landscape Creating a sustainable future is all about enabling 33 Strategic pillars 116 GOVERNANCE AND 233 Other information this growth in Arcadis and by expanding horizons 34 Our strategic framework COMPLIANCE 234 Independent auditor’s report 2018 - 2020 116 Composition of the 243 Assurance report of so that, together, we will look forward to a bright 4 INTRODUCTION 36 Connectivity matrix Executive Board the independent auditor future for our Company... and for you.” 118 Composition of the 141 SUPERVISORY 245 Other financial data 4 2017 at a glance 40 PERFORMANCE & Supervisory Board
    [Show full text]
  • Designing for Shifting Priorities
    Overview p. 40 // International Market Analysis p. 40 // International Region Analysis p. 41 // Domestic Staff Hiring p. 41 // International Staff Hiring p. 41 // Profit-Loss p. 41 // 2020 Revenue Totals p. 41 // Past Decade’s International Design Revenue p. 42 // How Design Firms Shared the 2020 Market p. 42 // Top 10 by Market p. 43 // Top 10 by Region p. 44 Backlog p. 44 // Surbana's Shenzhen Children's Hospital p. 45 // DRA Global's Tri-K Gold Project p. 46 // How To Read the Tables p. 47 // Top 225 International Design Firms List p. 48 // Top 225 Index p. 54 // Top 150 Global Design Firms List p. 55 // Top 150 Index p. 58 NUMBER 17 NUMBER SUPER SEWER Mott MacDonald is designing the eastern section of the Thames Tideway Tunnel in London, a 25-km tunnel that will prevent sewage from overflowing into the River Thames. PHOTO COURTESY OF MOTT MACDONALD PHOTO COURTESY The Top 225 International Design Firms Designing for Shifting Priorities With nuanced differences, global companies set pandemic-ready operations to respond to their respective markets By Emell Adolphus, Jonathan Keller and Peter Reina enr.com August 2/9, 2021 ENR 39 0802_TIDF_Intro.indd 39 7/27/21 6:39 PM ddressing weaknesses laid bare by COVID-19, infrastructure projects are poised to drive world economies back to pre-pandemic positions with a simple mantra to build back better. As global design firms restructure operations, projects also are being reconfigured to fit a Acontinental shift in client priorities. Last year’s pandemic-induced shutdowns slowed many year, many companies anticipate market conditions to global markets to the point of contraction.
    [Show full text]
  • Companies Deal with Twin Crises Global Design Firms Are Coping with the Impacts of COVID-19 and a Plunge in Oil Prices in an Already Sluggish Market by Gary J
    Overview p. 52 // International Market Analysis p. 52 // Past Decade’s International Design Revenue p. 52 // International Region Analysis p. 53 // Domestic Staff Hiring p. 53 // International Staff Hiring p. 53 // Profit-Loss p. 53 // 2019 Revenue Totals p. 53 // How Design Firms Shared the 2019 Market p. 54 // Top 10 by Market p. 55 // Top 10 by Region p. 56 Petroleum Market Falters p. 56 // Backlog p. 56 // SSH Designs Huge Maternity Hospital in Kuwait p. 57 // Surbana Jurong: Snowy Mountains 2.0 p. 58 // How To Read the Tables p. 58 // Top 225 International Design Firms List p. 59 Top 225 Index p. 64 // Top 150 Global Design Firms List p. 65 // Top 150 Index p. 68 NUMBER35 TUNNEL VISION Aurecon and Jacobs are designing the $12-billion, 20.5-mile WestConnex underground highway project in Sydney. PHOTO COURTESY OF AURECON OF COURTESY PHOTO The Top 225 International Design Firms Companies Deal With Twin Crises Global design firms are coping with the impacts of COVID-19 and a plunge in oil prices in an already sluggish market By Gary J. Tulacz and Peter Reina enr.com August 3/10, 2020 ENR 51 0803_TIDF_Intro_2.indd 51 7/28/20 2:43 PM THE TOP 225 INTERNATIONAL DESIGN FIRMS 24.2% Transportation $17,488.9 International Market Analysis 20.5% Petroleum 18.7% $14,795.2 Buildings $13,519.6 11.7% Power $8,476.9 6.3% 4.0% 2.6% Water Other $4,559.0 Sewer/Waste $2,871.2 $1,915.0 5.8% 3.4% Industrial 2.2% Hazardous $4,196.5 Manufacturing Waste $ $ 0.7% 1,564.8 2,444.7 Telecom $482.5 Comparing the Past Decade’s International $52.45 $57.67 $65.30 $71.49* $71.35* $70.57* $65.19* $63.87* $64.30* $71.62* 200957.67 201065.30 201171.49* 201271.35* 201370.57* 201465.19* 201563.87* 201664.30* 201771.62* 201872.09* Design Revenue 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (in $ billions) SOURCE: ENR *The 2012-2018 figures are revenue for the Top 200 Design Firms.
    [Show full text]
  • 2020 Top 225 International Design Firms – Subsidiaries by Rank
    Overview p. 52 // International Market Analysis p. 52 // Past Decade’s International Design Revenue p. 52 // International Region Analysis p. 53 // Domestic Staff Hiring p. 53 // International Staff Hiring p. 53 // Profit-Loss p. 53 // 2019 Revenue Totals p. 53 // How Design Firms Shared the 2019 Market p. 54 // Top 10 by Market p. 55 // Top 10 by Region p. 56 Petroleum Market Falters p. 56 // Backlog p. 56 // SSH Designs Huge Maternity Hospital in Kuwait p. 57 // Surbana Jurong: Snowy Mountains 2.0 p. 58 // How To Read the Tables p. 58 // Top 225 International Design Firms List p. 59 Top 225 Index p. 64 // Top 150 Global Design Firms List p. 65 // Top 150 Index p. 68 NUMBER 35 TUNNEL VISION Aurecon and Jacobs are designing the $12-billion, 20.5-mile WestConnex underground highway project in Sydney. PHOTO COURTESY OF AURECON OF PHOTO COURTESY The Top 225 International Design Firms Companies Deal With Twin Crises Global design firms are coping with the impacts of COVID-19 and a plunge in oil prices in an already sluggish market By Gary J. Tulacz and Peter Reina enr.com August 3/10, 2020 ENR 51 0803_TIDF_Intro_2.indd 51 7/28/20 2:43 PM THE TOP 225 INTERNATIONAL DESIGN FIRMS 24.2% Transportation $17,488.9 International Market Analysis 20.5% Petroleum 18.7% $14,795.2 Buildings $13,519.6 11.7% Power $8,476.9 6.3% 4.0% 2.6% Water Other $4,559.0 Sewer/Waste $2,871.2 $1,915.0 5.8% 3.4% Industrial 2.2% Hazardous $4,196.5 Manufacturing Waste $ $ 0.7% 1,564.8 2,444.7 Telecom $482.5 Comparing the Past Decade’s International $52.45 $57.67 $65.30 $71.49* $71.35* $70.57* $65.19* $63.87* $64.30* $71.62* 200957.67 201065.30 201171.49* 201271.35* 201370.57* 201465.19* 201563.87* 201664.30* 201771.62* 201872.09* Design Revenue 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (in $ billions) SOURCE: ENR *The 2012-2018 figures are revenue for the Top 200 Design Firms.
    [Show full text]
  • Arcadis 2020 International Construction Cost Index Finds London, New York City and Hong Kong the Most Expensive Cities
    PRESS RELEASE Arcadis N.V. Gustav Mahlerplein 97-103 P.O. Box 7895 1008 AB Amsterdam The Netherlands Tel +31 20 2011 011 www.arcadis.com Arcadis 2020 International Construction Cost Index finds London, New York City and Hong Kong the most expensive cities Amsterdam, April 1, 2020 – Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, today announced the release of its annual Arcadis International Construction Cost Index (ICC). Following London, New York City, and Hong Kong, Geneva and San Francisco took the fourth and fifth spots, respectively, as the most expensive cities on the list. The ten least expensive cities are in Asia with the majority of those found in China. The 2020 Arcadis ICC Index covers 100 of the world’s large cities across six continents. The cost comparison was developed covering twenty building functions, based on a survey of construction costs, review of market conditions and the professional judgement from its global team of experts. This year, coverage has been extended to cities in Eastern Europe including Poland, Serbia and Montenegro. The main change to the index is that the cost of construction in cities is now relative to Amsterdam, instead of London. This change has no direct effect on the relative ranking of cities. In addition to providing a comparative index of global construction costs, this report also focuses on emerging trends associated with climate change - highlighting Arcadis work being done in many markets to reduce the environmental impacts of construction. This year’s report addresses two challenges: the unfolding effects of the COVID-19 pandemic, and the unchanged need for the industry to focus on rethinking resilience amid climate change while plotting a course towards a carbon neutral future.
    [Show full text]