Businesses working in the construction industry vary from the small trade contractors to the corporate and publicly listed material supply Hardware stores. Some of the smaller construction contractors are finding life more difficult today because they have had their credit rating downgraded.
The larger publicly listed corporations are still announcing some more-than-healthy profits which is leaving them with a public relations problem among many of their trade contractor customer base. So the question remains one of striving and achieving balance between the Hardware company shareholders and their customer base of small individual contractors that are adding those healthy profits to the company bottom line.
In Australia, the larger- medium sized construction contracting businesses are also finding life more difficult because they are having trouble finding enough qualified trades people to fill their contracts. Finding qualified trades people in some smaller towns is near impossible because there is just so much work around after the catastrophic floods in Queensland, NSW and Victoria.
With so much work that needs to be done here in Australia, the banks and other financial lending institutions need to free-up more credit to the trade contractors so that they can purchase the materials that they need to do their job.
Large tracts of Australia need to be re-built and everyone can’t wait for the big construction firms to send out qualified tradesmen to do the work. We need qualified individual trade contractors who have the means to rebuild our homes, towns and city. Not to mention all the rebuilding that needs to be done out on the remote mining sites and the infrastructure needed to get the mines operational again.
Roads, bridges and rail lines have to be rebuilt to get to the wharves that have to be repaired or in some instances, rebuilt.
Business profits in the construction industry are at an all-time high in Australia today for qualified and capable trade contractors.
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