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HomeLatest NewsLoughton Contracts looks into its crystal ball

Loughton Contracts looks into its crystal ball

Nick Perkins, sales director at Loughton Contracts, has told CFJ what the contractor thinks 2022 will hold for the industry.

‘We’re expecting 2022 to be a tough year in some areas based on the way the country has suffered in the past six months. 2021 has been a busy year for us, but it has been a very hard one to maintain profit margin at the levels that projects were secured at once they get to site. Price increases have become a daily problem and as manufacturers are not willing to fix rates for more than a few months, it’s only getting worse.’

Ultimately, the risk is being taken on by those who are happy to accept it and in an ever-changing construction market, that’s not something many are prepared to bear the weight of, says Nick.

‘Rising costs in transport are likely to remain as we head through the start of the new year and we are already seeing substantial price increases in products that are shipped from the Far East. Labour is at a premium and the shortage of good quality installers remains a problem we need to try to solve.

‘That said, it’s not all doom and gloom as we are seeing a large number of enquiries coming through the door on a daily basis. Our tender list is busier than ever and our order book and pipeline for next year and beyond are very healthy. If we can manage to navigate our way around the problems we foresee then 2022 should be a successful one.’

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