Construction firms lock horns

Local construction companies had to fight more fiercely for tenders in the last three months of the year, according to FNB's Civil Construction Confidence Index for the fourth quarter. Respondents said that declining demand for civil construction caused a relatively sharp escalation in tender price competition during the quarter. That put pressure on companies' profit margins. - Tamlyn Stewart

Local construction companies had to fight more fiercely for tenders in the last three months of the year, according to FNB's Civil Construction Confidence Index for the fourth quarter. Respondents said that declining demand for civil construction caused a relatively sharp escalation in tender price competition during the quarter. That put pressure on companies' profit margins. - Tamlyn Stewart

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