Tag: margins
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Avoid Takeoff Mistakes That Cut Into Your Bid Margins
You wrap a quantity takeoff for a new school build. Big project. Tight timeline. Everything looks solid. Then construction starts and the concrete runs short. After a painful audit, the oversight pops up fast: the slab thickness was miscalculated in the takeoff. One tiny oversight snowballs into blown deadlines, rising costs, and a tense client…
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Rising wage costs are eating into construction’s margins
The industry’s persistent skills shortage is pushing wage inflation while also thwarting project delivery, writes Nitesh Patel. Wages in construction are rising at a faster pace than across the wider economy. The Office for National Statistics (ONS) reported that average weekly earnings in the industry accelerated to 7.5% in the year to February, from 6%…