Builders urged to dig in for tough year ahead
A select group of construction and finance industry directors have shared with API Magazine the secrets that help building companies stay in business while others around them capitulate.
“The focus has switched from a get rich now and fix later mindset to demonstrating competency and gaining trust from clients and suppliers.” - Darren Rullo, Director, Group One Construction (Image source: Shutterstock.com)
A combination of Covid-19, rising costs of labour and material, extreme weather events, contractual lock-ins eroded by inflation and, in some cases, greed, initiated the collapse of more than 30 construction businesses since the beginning of the pandemic.
Interest rate increases have now exacerbated an already precarious situation for those companies that survived the pandemic onslaught, with a tougher finance landscape heaping pressure on those…
