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2009 Construction Market Forecast
ENR just released their estimate for 2008 and forecast for 2009.
It indicates an overall drop of 7% in construction starts on top of the 8% experienced in 2007 and 12% in 2008.
While this is horrible overall news it is a fact and there isn't much that can be done about it from the standpoint of the individual contractor.
The only thing that can be done is to focus on tightening up on costs, getting better at conserving / managing cash and to focus more resources on marketing.
The ENR Article can be found here: All Sectors Go Negative Next Year As A Real Recession Rattles Markets
Some Helpful Articles For Dealing With The Economy:
Cut The Fat - Turning A Financial Downturn Into A Win For Your Construction Company
The Economy and the Construction Contractor
Construction Company Marketing Package
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
Recent Posts
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- Economy Or Just Bad (HORRIBLE) Business Practices?
- 2009 Construction Market Forecast
- Online Project Management Software
- Pre-Fabrication Saves 190,000 Hours Of Traffic Delays
- The Perfect Construction Year
- Broken Buildings, Busted Budgets
- Cut the Fat
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