Based on the CFMA Benchmarker reports from the last decade or more, it would seem that the construction industry, (as a whole) is maintaining higher levels of liquidity since the economic recovery. Is this consistent with your management strategy? What is causing this change? Are you more risk averse? Are bonding companies and financial institutions requiring higher liquidity levels? Are you finding that you can and should raise margins in order to weather the next downturn?
As always, I really appreciate the incredible feedback and dialogue that comes from this group. The data only tells part of the story.
John Killingsworth, Ph.D.
Dept. of Construction Management
Colorado State University
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