While many construction companies make use of loans and credit to cover costs in hard times, these must be always paid back on time if you want to avoid business insolvency whether youre the owner of a long-established construction company or setting up a new business in the sector, take these tips on board to reduce long-term costs, cut down on debt and avoid insolvency:
During this critical period, how has the cost of construction materials increased?
From 2015 to September 2022, the price of materials increased considerably for those in the UK construction sector, with the price of fabricated structural steel rising by 128.6% and the price of steel concrete reinforcing bars rising by nearly 118%. Amidst rising fuel and energy costs…
Read the full article at: https://businesslancashire.co.uk/2022/12/13/how-can-a-construction-company-reduce-costs-and-avoid-insolvency/