The current decline in engineering construction work throughout Australia is set to become a full-scale collapse over the next few years, leading to substantial job losses and a negative impact upon the broader economy, a new report suggests.

In its latest report, BIS Shrapnel says the dollar value of work done within the civil construction sector is slated to drop by a sharper-than-expected 13 per cent in 2014/15 and by a total of 40 per cent from its 2012/13 peak of $130.3 billion to decade lows of $79.6…