By any measure, these are some tough times in the construction industry. Having had the opportunity to deal with people around the country, I can tell you that we are all taking similar measures to weather the economic crunch. There are companies going out of business or changing market segments. There are companies that have [...]
At Tempest Company we work across the United States and around the world. Our client base consists of contractors, owners, architects engineers and attorneys. The economic storm is taking its toll on everyone. Construction has slowed. It’s not just contractors feeling the pinch. We are now seeing a bit of improvement! Little by little things [...]
In good economic times there is a tendency to build up contractors that don’t fail in spite of themselves. They usually bid the margins lower than their competitors. They may make money, but not enough to cover “responsible” business objectives. They may have bid below the market rates by mistake but still make a profit because profit margins were good enough to cover most of the mistakes at bid time.
