Contractors’ Concerns for the Future of the Industry

Patricia M. Hillebrandt, Jacqueline Cannon and Peter Lansley
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Patricia M. Hillebrandt: University of Reading
Jacqueline Cannon: Construction Forecasting and Research Ltd
Peter Lansley: University of Reading

Chapter 9 in The Construction Company in and out of Recession, 1995, pp 139-146 from Palgrave Macmillan

Abstract: Abstract A major concern of all the contractors interviewed was the excess capacity in the industry especially amongst the larger firms. Excess capacity, as they interpret it, means that the number of firms competing has reduced less than the number and size of projects. The fact that the employment of managers has shrunk in many companies by as much as the workload is less relevant because it does not affect the level of competition. The effect of increased competition for projects is a drastic fall in tender prices and low or negative profits from contracting.

Keywords: Cash Flow; Excess Capacity; Private Finance; Direct Employment; Negative Profit (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24195-8_9

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DOI: 10.1007/978-1-349-24195-8_9

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