Slide- Reasons Why Construction Companies Fail

1. Reasons Why Construction Companies Fail

2. Introduction Building a construction company and successfully running it is not easy. Many challenges can lead to failure and a slight mistake and affect your whole reputation. Thousands of companies fail every year. If you think your company might be one of them in the future, it might be time to do some reflection.

3. Delivering Poor Performance A single bad project doesn’t mean that it is the death of your construction company. However, if your performance is repeatedly poor and you are not delivering what customers want from you, your company will collapse.

4. Too Much Paper Processes Many construction companies still rely on paper documents to purchase orders and schedule or for actual payments. This makes the process slow as the company is no longer efficient as other companies.

5. Not Quoting The Right Prices Submitting prices that are too low will not provide your company with any benefit. On the other hand, prices that are too high will be detrimental and not help secure your projects. Therefore, making the right financing choices is necessary because your whole business is dependent on the payments and collections of the money.

6. Hiring The Wrong People A successful business can run only if the people working there are motivated and have good intentions. If the executive leadership is incorrect, your company will suffer a lot.

7. Taking Too Much Work Rushing headlong into unfamiliar territory can cause complications and make it impossible for a company to handle a project.

8. Conclusion A construction company can fail due to various reasons. But, a professional will know how to handle this business well and which steps to take to have a long-lasting business with its customers.

9. About Us Taurus has been a major part of the Alberta and Western Canadian business landscape since 2006. From our Company’s headquarters in Fort Saskatchewan, Alberta, we take great pride in managing and growing a business that takes safety very seriously while providing our customers with professional and cost-effective services. Whether it is on a major industrial project or on a water and sewer repair in the center of one of our great Canadian towns or cities, Taurus management and employees take great pride in providing a top rated service for our customers. The four divisions of Taurus complements and supports each other perfectly and enables us to offer a full range of products and services.

10. Industrial & Commercial Site Services Taurus has supported some of the largest industrial construction projects in Western Canada from its inception in 2006. We have also completed numerous commercial projects through our years of dedicated service. By combining our skills and experience in construction and infrastructure development, we have become leaders in our field.

11. Services Material Management Site Services Fleet Management Civil Earthworks

12. 780-998-5001 Contact Us info@taurusprojects.ca www.taurusprojects.ca