Houses of cards
Jul 23, 2021
2 minutes
“In good times, at the top of the cycle, supply is tight and contracts are written with good margins and beneficial terms for construction companies. When the cycle turns, however, companies in need of work will begin to accept poorer terms and more challenging projects that carry greater risk of default. In construction, it matters a lot at what price you sign the contract,” says Ninety One’s Andrew
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