Commercial construction continues to struggle
During a national online news conference last month, Associated Builders & Contractors chief economist Anirban Basu said although employment in the construction industry has expanded over the past four months, the nation’s construction industry recovery may be two years away.
That’s understandably disappointing for executives like Kevin Moyes, president of The Flintco Cos. Inc.’s Memphis division.
“It’s a difficult time and we actually really thought that this year things would be getting better, and that was two years ago,” he said. “The construction industry touches a lot of other businesses, so it’s a ripple effect that hits a lot of people.”
While the number of projects the Tulsa, Okla.-based firm is working on are probably have about the same, the average dollar size for a project is drastically reduced. The smaller, $3 million and $4 million projects Flintco would have overlooked at in 2007 are now being heavily pursued.
With fewer opportunities for the mid- to large-scale projects, competition has skyrocketed, said Rusty Linkous, director of business development forLinkous Construction LLC.
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