Business
Why Do Contractors Fail?
With more than 200 potential factors that can lead to contractor failure, and no single factor that signals potential failure, just why do contractors fail? It’s a combination of factors, including poor business practices, economic conditions, nature of the industry and mindset of the contractor that lead to financial loss that can spiral into bankruptcy.
July 13, 2017
Related stories
Business
Construction Futures: June 2025 Economic Roundup
By Construction Executive
Could there be more rate cuts than the construction industry originally expected this year?
Business
It’s All Relative: The Importance of Building and Maintaining Relationships in Construction
By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.
Business
Tariffed Construction Materials Prices Rise in May
By ABC
The tariffs are taking effect—and materials prices are reflecting that.