Contractors finding it 'extremely difficult' to hit even 2% margins, says Mace boss

By Jordan Marshall2018-12-05T06:00:00

Deputy COO says business model is skewed against builders making decent returns

It is nearly impossible for contractors to achieve margins beyond 2%, according to a senior figure at Mace.

The firm's deputy chief operating officer Mark Castle said the system was not currently set up for contractors to achieve healthy margins.

Mace is working on a string of high-profile schemes in London including th Battersea Power station redevelopment, the Chelsea Barracks residential scheme and the deal to build Tottenham Hotspur's late-running stadium.

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