Times for contractors are more precarious than ever:
- Project owners are pushing more financial and environmental risk onto contractors. How will they adapt?
- Contractors are at risk from delays in government payments in countries ranging from Sri Lanka to the United States.
- In the UK, there has been speculation that a quarter of construction companies there could face insolvency by 2020. Fears over Brexit have contributed to a record number of construction insolvencies, for instance, in Q1 of 2018.
Now is the time for contractors to adopt higher-margin, technology-enabled business models that will position them for growth in a changed market.