REVscene Automotive Forum - View Single Post

quasi · 07-13-2020, 01:51 PM

If I was building I might wait just slightly, I specialize in commercial construction and I'm seeing it and everyone I've spoken to who's involved in construction different trades are seeing it, prices are heading down right now.

I've probably priced 40 projects ranging from 10K to 5 million over the past 4 months and haven't landed any of them chasing the market down and still haven't caught it yet. The tradesman and subcontractors are going to be dropping their rates to try and stay busy and with stuff going at lower rates there just isn't as much money in them. I've been through these markets a few times over the last 25 years they can get really lean, I do know one thing it's not worth doing work at a loss and I'm seeing some guys that we compete taking projects at prices way to cheap I don't even think they realize how cheap they are and won't until they are 2/3's through the job and they've spent their entire budget and still have to complete the project.

I can't see residential being any different, IMO construction prices will continue to decline into next year as contractors get desperate to get work on the books and I can't see any uptick before 2022 at the earliest and with the Covid curveball who knows that might not even be realistic because of the unknown variable. This is just my opinion, but honestly I'd be really hesitant getting quotes right now I'd wait a bit as people start to burn through the work on hand that they picked up in a better market and get slower prices will continue with the downward pressure.

07-13-2020, 01:51 PM	#25
quasi Willing to sell body for a few minutes on RS Join Date: Jul 2001 Location: Cloverdale Posts: 11,657 Thanked 3,942 Times in 1,398 Posts Failed 83 Times in 42 Posts	If I was building I might wait just slightly, I specialize in commercial construction and I'm seeing it and everyone I've spoken to who's involved in construction different trades are seeing it, prices are heading down right now. I've probably priced 40 projects ranging from 10K to 5 million over the past 4 months and haven't landed any of them chasing the market down and still haven't caught it yet. The tradesman and subcontractors are going to be dropping their rates to try and stay busy and with stuff going at lower rates there just isn't as much money in them. I've been through these markets a few times over the last 25 years they can get really lean, I do know one thing it's not worth doing work at a loss and I'm seeing some guys that we compete taking projects at prices way to cheap I don't even think they realize how cheap they are and won't until they are 2/3's through the job and they've spent their entire budget and still have to complete the project. I can't see residential being any different, IMO construction prices will continue to decline into next year as contractors get desperate to get work on the books and I can't see any uptick before 2022 at the earliest and with the Covid curveball who knows that might not even be realistic because of the unknown variable. This is just my opinion, but honestly I'd be really hesitant getting quotes right now I'd wait a bit as people start to burn through the work on hand that they picked up in a better market and get slower prices will continue with the downward pressure. __________________ “The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa Last edited by quasi; 07-13-2020 at 02:01 PM.