Posted by Billy NY on April 30, 2018 at 10:29:55 from (74.70.66.240):
In Reply to: Re: ROAD TRIP pics posted by oldtanker on April 30, 2018 at 07:04:33:
At those margins, we would be out of business. I monitor and do the cost accounting for all of my projects, which are very small compared to ones I used to do, but range from less than 100K to 3 million. Most are bid 19% or better. One I am completing in June, 1.7M a 2 year multi phase project will finish at better than 20% per my latest cost at completion report. A lot of risk and headaches in between, but for the 2 year investment, it will bring in a decent profit. We have a 98000 sq ft facility with a lot of fabrication equipment and when one of those CNC plasma cutters goes down, very costly to repair.
I don't know how the company in question could make it at those margins, keep the lights on, the doors open and maintain a large work force without high turn over rate & associated problems.
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