Bridges, roads, hospitals, homes and schools are some examples of what we build, renovate and maintain in our Construction services.
What we do
Skanska’s Construction business stream builds and renovates buildings, industrial facilities, infrastructure and residences. It also executes service-related assignments, in areas such as construction services and facility operations and maintenance.
How we do it
In keeping with Skanska’s business model, contracting assignments are executed for Skanska’s Project Development streams. This collaboration generates large construction assignments, as well as synergies for the Group.
Project and synergy opportunities are also generated thanks to the financial expertise and resources within the Group. A combination of financial strength and global expertise in Construction and Project Development enables Skanska to take on large, complicated projects for international customers with high expectations for quality and execution. In the very largest projects that require high-level performance guarantees, few competitors can measure up to Skanska in terms of skills and strength.
With a strong risk-assessment focus during the tender stage, Skanska concentrates on securing the right projects, for which there is a balance between risk levels and expected margins.
Skanska's ambition is to increase its share of contracts, in which customers value service, quality and reliability – in addition to price – when evaluating tenders. Skanska's clear focus on sustainable development – including Safety, Ethics, Green, Community Investment, and Diversity and Inclusion – is also a factor that strengthens Skanska's offering to customers.
Where we do it
We are active in a number of selected home markets in the Nordic Region (Sweden, Norway, Finland), Europe (Poland, Czech Republic, Slovakia, United Kingdom) and in USA. We target clients in both the private and public sector.
The market share in Sweden is significantly higher than the rest of Skanska's markets. Despite this Skanska is one of the leading companies in the USA and the UK markets. The low market share in these countries is due to higher market fragmentation and competition.
Here is a selection of our competitors in Construction:
- Balfour Beatty
- Grupo ACS
Market outlook 2018
The overall construction market outlook continues to be positive. The non-residential and civil markets in Sweden are very strong, although the landscape is competitive. The residential building market is slowing down slightly.
In Norway, the outlook for the civil market remains positive, but with significant competition in new bids. The non-residential market also benefits from increased public investments, while the residential building market is stable with the exception of certain regions that are dependent on the energy sector. The overall market situation in Finland is steadily improving.
In the UK the uncertainty in the nonresidential building market related to Brexit continues to have a negative impact. In Central Europe the overall market situation is relatively stable even though the Czech Republic civil market is experiencing significant competition.
In USA the overall market is strong. The civil construction market remains good, although competition is intense, and the building construction market is strong in the aviation, education, data center, lifescience and healthcare sectors.
Do you want to join us?
We build and develop thousands of projects each year and manage the people, the finances, the design, the construction and the suppliers.
Search and apply for Skanska jobs worldwide at Job opportunities.