Steve Payne
Not making enough profit? Here are three big reasons
Canadian Contractor"Competitive pressure" is the number one contractor profit-killer, our survey results tell us. 47% of contractors told us it was their biggest cause of insufficient profits. Actual building mistakes accounted for only 7%.
Our Canadian Contractor salary survey (check back at the bottom of our site for the DIGITAL EDITION version of it, tomorrow) asked a key question:
“If you are not making a sufficient profit, what do you think are the major reasons?”
Here are the answers, and the percentage of our almost 400 respondents who checked each factor…
“Competitive pressure” leads the way, as it did last year.
47% Competitive pressure
33% Excessive demands of the client
29% Errors in estimating
21% Problems with employees or subtrades
20% Cost overruns
10% Problems with suppliers
7% Errors in building
4% Poor money management
12% Other
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