ANÁLISE DOS RISCOS NA MÉTRICA DE INDICADORES ECONÔMICO-FINANCEIROS DAS EMPRESAS DE CONSTRUÇÃO

The construction companies that choose to participate in the execution of public works are exposed to various risks while performing their activities. Many of these works are paralyzed due to the fact that companies cannot afford the high costs of their implementation. Given this fact, this study sought to identify, through the analysis of the financial statements of the heavy construction companies listed on Bovespa, the risks to which these contractors are exposed. It was possible to note that companies that perform this type of activity must deal with many factors that go beyond their control, as well as with the high complexity of the activity itself. It was determined that several companies that fit this context suffer from liquidity problems and experience a negative impact on their profits. These problems are due mainly to the delinquency of governments and public institutions, undermining the operating cycle of the contractors. It was identified that the main risks for heavy construction companies are the constant delays in the transfer of funds, as well as the non-payment of these, added to the difficulties imposed on the managers of these companies, who have to deal with a longer operating cycle and the execution of an activity with a high degree of complexity.