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Stephen Pycroft, head of construction management firm Mace, said the company needed to secure three or four major international projects in order to meet its target of growing turnover by 50% by 2015.

As Mace this week defied the deepening economic gloom to report a 17.2% increase in turnover for 2010, Pycroft warned that the wider construction market will be even tougher in 2013 than 2012.

锘縄t鈥檒l be harder in 2013, against a background of rising commodity prices

Stephen Pycroft, chairman and chief executive, Mace

Discussing the company鈥檚 results, announced this week, Pycroft said his aim was to ride out rising commodity prices and pressure on wages by securing 鈥渢hree or four big projects in the UK and internationally鈥�.

The company, which is building the Shard in London (pictured), issued results revealing turnover up to 拢851m, which it claims puts it on track to reach its target of 拢1bn turnover in 2012, and its five-year plan to grow turnover by over 50% by 2015.

Profit before tax increased by 9% over the year to 拢21m, and cash balance was 拢104.6m as of December 2010, with no debt.

The firm鈥檚 construction delivery arm was responsible for 76% of its turnover.

Mace鈥檚 increasing turnover, matched by that of fit-out contractor ISG, which also reported this week (below), is in stark contrast to worsening economic data and recent results from larger rivals including Laing O鈥橰ourke and Lend Lease.

Figures from the Office of National Statistics for the second quarter of 2012 show the lowest level of new orders in almost 50 years, but Pycroft is confident of future growth.

鈥淢ace continues to grow and demonstrate our resilience despite the continued challenging market conditions,鈥� he said. 鈥淸However], in 2012 and 2013 the construction industry will struggle - it鈥檒l be harder in 2013 than in 2012, especially against a background of rising commodity prices and pressure on wages.鈥�