NG Bailey: M&E a 'cut-throat' market

摘要

NG Bailey has returned to profit in 2013/14 despite a construction market its chief executive has described as "cut-throat". David Hurcomb told Construction News that getting through the downturn represented an achievement in itself, as the M&E sector remained "very tough" with it proving "difficult to make any margin in 2013/14". "We have not seen margins go up at all yet. We're still bidding at just about covering our overheads. "The South and London is busier and a lot of competitors have come into the market who are talcing work and taking the risk. It is cut-throat, but there is no more margin."