Higher Stakes, Lower Margins

Higher Stakes, Lower Margins

2009 is year of fierce competition, fewer projects and lower profits for firms on EC&M’s 2010 Top 50 electrical contractors list

In 2009, the effects of the recession, which officially began in 2008, took their toll on the total revenue for electrical and datacom services reported by the firms on this year’s Top 50 electrical contractors list. As owners and developers experiencing tighter credit standards delayed or canceled projects, even the top players in the electrical construction industry were forced to bid more competitive

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