CATEGORY | October 22, 2019

Construction is a high risk, high reward business. While working on a job site is high risk from a safety perspective, the industry as a whole carries a high financial risk for contractors. With this risk comes the chance to make large profits when successfully completing projects, but the chance to lose a tremendous amount of money, too! Many contractors declare bankruptcy each year, while others barely cover their costs with little left to show for it. Other contractors do exceptionally well. So why do some contractors run into financial issues? This article will be solely focused on a comprehensive list of ways contractors lose money!