bennymacca wrote:Why do you think that MT?
I think we are going ok compared to recent years?
I'm connected to commercial construction works, we've been as busy as any time in the last 5 years with tenders for projects coming up and current projects that we're working through, however, the size of the tenders and commercial works I'm forecasting in board reports for the next 12 months are not anywhere near the size of works we're currently involved in.
The big ticket items around Adelaide in the last 5 years with SAHMRI, Adelaide Oval, nRAH, AMNS, HIB, Flinders, Air7000 etc are all coming to a turn key end and almost 100% of this has been government spend or Adelaide Uni spend. Private investment seems to be on the go slow.
There are several large apartment jobs coming up ( REALM, Opus, Esplanade Glenelg ) with private investors backing these.
If I were to offer anecdotal evidence of the state of the economy in my sector I'd say it's been on the improve over the last 12 months but the forecast isn't as optimistic.