The author discusses the importance of improving financial management to survive in a tighter market. As the market tightens, many contractors find themselves reflecting on the dynamics of the boom. When demand was at its peak, many hired labor at inflated wages just to get bodies. When concrete and steel prices soared, there was no room for negotiation they paid the prices because materials were essential. Subcontractors could command any price, and GC’s paid them. It seemed like it would never end. Growth was swift and the money rolled in, with more jobs, bigger projects and higher bids. Small businesses
Southeast Construction presents its second annual Top Design-Builders ranking. Derived from information obtained during the Top Contractors survey conducted earlier this year, it documents the amount of revenue related to design-build activities by the firms that participated in that ranking. Related Links: Top Design-Builders Ranking Lights On for Zachry The Top Design-Builders ranking is based upon the ‘08 regional revenue that each firm estimated came from design-build projects within the four-state region of Florida, Georgia, North Carolina and South Carolina. The ranking also includes more information about each firm, including the location of its main regional office, phone number and
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