The situation of construction companies is good

The situation of construction companies is good

The situation of construction companies is assessed as good.

The Polish Association of Construction Employers indicates two aspects concerning construction companies. The first is the fact that in the last quarter, more than half less construction companies went bankrupt than last year in the same period. The second is that construction companies are much more likely to decide to carry out restructuring proceedings. This leads to the conclusion that in the time of the coronavirus pandemic, construction companies are doing quite well, and in the event of any problems they are aware of the possibility of taking advantage of simplified restructuring.

All this allows us to say that the forecasts we have written about so far do not come true. Moreover, in accordance with the latest forecasts, the near future should continue to be favorable for the construction industry. However, attention should be paid to the problem of payment gridlocks, which may turn out to be the most difficult, especially for smaller companies.

Source: https://www.pb.pl/budowlanka-odporna-na-pandemie-1115168

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