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
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