05/03/2024
Why does the Australian Building industry continue to accept “Low Profit Margins” on jobs are acceptable?
Another Builder collapses due to Low Profit Margins.
In the current environment where Material Price have increased, there is shortage of labour which is increasing labour cost and a Builder has a fixed building contract in place, WHAT is a fair Gross Profit Margin (or Mark Up Margin on Job cost)?
Share your thoughts on what you think about the current Builder margins.
Article by Alex Turner-Cohen
A group of companies linked to a major building firm with construction sites spanning across four Australian states has collapsed.