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Thoughts on the construction industry!

2009-03-29View Original

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I have been working in the construction industry for over a decade; since I first stepped onto a construction site, I have witnessed the rise and fall of this industry. In the past, once a construction project was approved, the necessary funds would be readily available, and the project owners would always pay the contractors in advance. But these days, with progress and economic development, some projects start up with very limited funding. The project owners demand deposits from the contractors, and the construction is carried out using full upfront payments. They claim to be looking for capable contractors to carry out the work, but those contractors in turn ask material suppliers to cover the labor costs. In the end, even the wages of the workers who do the actual work are not guaranteed. Look at the high-rise buildings around us – there are residential buildings everywhere, and it’s unclear how much labor went into their construction. The cycle of debts within the construction industry is getting worse and worse, turning into a serious problem. I work in a technical role, and my salary isn’t high; sometimes even the boss can’t pay my wages. How is it possible for me to afford expensive residential apartments? Perhaps it’s just bad luck on my part. What are your thoughts, fellow professionals?
Reply #22009-03-29
I completely agree; it’s those who build the houses, not those who live in them
Reply #32009-03-31
**The issue **should be given proper consideration.
Reply #42009-03-31
I work in the technical field, and my salary isn’t high; sometimes the boss even fails to pay me on time. It’s impossible for me to afford expensive apartments. Maybe it’s just bad luck on my part. . . . . . . :L

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