Making matters worse is the fact that some shortlists contain вЂњan out-of-line bidвЂќ that comes in at a figure well below the rest.
ItвЂ™s happening in 1-in-5 bids in some areas of work, he reports, and at a frequency of 1-in-10 in others.
Boot is philosophical about the situation. вЂњPeople have the right to buy work by bidding too tightly,вЂќ he comments.
Henry Boot has a construction operation with an ВЈ80m-a-year turnover. It generated ВЈ2.5m by way of profit last year.
Key areas of operation were Decent Homes projects in Sheffield and Rotherham along with several prison projects.ADVERTISEMENT
вЂњIt involves a little bit of civils, but mostly building,вЂќ says Boot.
вЂњOut there itвЂ™s getting tougher all them time and the number of opportunities are falling.вЂќ
The demise of Wrekin Construction prompted the comment: вЂњIf a construction business is running well it should be cash positive. If a construction group is in-hock to the tune of ВЈ4m-ВЈ5m it must be a relatively unusual one.вЂќ
Jamie Boot confirmed that there are no ВЈ11m rubies tucked away in the companyвЂ™s register of assets.
вЂњThe only ruby IвЂ™ve bought has been the occasional one for the missus,вЂќ he reports.
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