Commercial construction material prices are up 2.5% from this time last year, according to the Producer Price Index report by the U.S. Labor Department. Although residential construction activity is increasing, the commercial construction industry is still seeing declines. According to the AGA, North Carolina lost 5,400 commercial construction jobs between May 2011 and May 2012.
Many of the large general contracting corporations are being forced to reduce overhead, raise rates, and cut jobs. This can result in projects running late, going over budget, and being completed with lower quality labor and materials.
With such a volatile industry, it’s more important than ever to choose the right general contractor. CM Black, for instance, has been able to thrive, even in sluggish economies, as an independent, family-owned business. The flexibility of a small business, combined with 60 years of expertise, has enabled the company to complete projects small and large without being dramatically affected by industry changes.
“CM Black’s structure allows versatility, even in sluggish economies,” says Justin Black, Project Manager at CM Black. “As a company who has chosen not to expand at a rate we cannot control, we tend to operate more efficiently, and with lower overhead costs, than other contractors providing similar services. Essentially, this has enabled us to maintain workloads in lethargic economies without sacrificing quality. This component has been key in developing long-term relationships with our partners.”