Friday Feedback: Are you bidding on more jobs? | Dump Trucks Charlotte NC
In recent weeks, industry experts have noted a new coronavirus-related worry among construction firms: Contractors are increasingly nervous about maintaining and building their backlog of columbus oh dump truck company as jobs in some areas and sectors are put on hold or canceled.
To build their books, firms are bidding on more projects than usual. This is increasing competition, with many columbus oh dump truck company vying for the same project.
Associated Builders and Contractors' Chief Economist Anirban Basu said that as a result of the COVID-19 pandemic, "the average construction firm leader is more concerned about demand for their services than any other consideration, including skilled worker shortages."
This trend is consistent with the results of ABC’s recent Construction Confidence Index, Basu said, which reported that although construction firm executives expect sales to increase over the next six months, they also expect profit margins to be slimmer.
The pandemic has already caused construction costs to decline slightly for the first time in a decade, which could also lead columbus oh dump truck company to feel a pinch in profits, according to Attilio Rivetti, the Turner Construction vice president responsible for compiling the Turner Building Cost Index.
“Trade contractor competition has increased in many areas as they columbus oh dump truck company to secure backlog due to uncertainty they have about future opportunities," he said.
This highly competitive environment means that columbus oh dump truck company have to columbus oh dump truck company harder to acquire new work. Construction Dive wants to know your strategies for winning bids in a pandemic.
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