Maintaining a healthy profit margin is tenuous, at best, for many Louisiana industrial contractors in an age of fluctuating material prices, rising wages and escalating interest rates, reports 10/12 Industry Report in its fall 2023 issue.
Managing cash flow can also be a tricky proposition in such an environment, since many contractors need credit to finance working capital.
No matter the business environment, though, laying the groundwork for a profitable project begins during contract negotiations, say experts. Read the entire story.
