![]() ![]() “There are inherent risks in construction work that can negatively impact overall net profitability,” says Paré. ![]() General contractors had the lowest profit margin before tax of just over 4%. Average profit margin before tax was 6% or higher among electrical contractors, highway contractors and utilities in 2019. Data from Risk Management Associates supports this view. According to Tyler Paré, principal with FMI Corp., a construction-focused consulting and investment banking firm, when barriers to entry are high, margins improve. Construction is a high-risk, low-margin business, with some sectors faring better than others. ![]()
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