The economic recovery is not apparent to construction subcontractors in Idaho, according to this 946-word article:
With the end nearing, subcontractors don’t seem worried. They’ve already survived one of the toughest periods their industry has ever faced. Hardship has tempered both hope and fear.
“We’d gone through this in the ’80s, but that was nothing compared to this,” says Mike Ramsay, owner of Reliable Electric, a small electrical contractor in Boise. “This time just really flipped us.”
AND
Ramsay started shopping around for better prices on materials instead of buying from the same wholesalers. He says he didn’t draw a salary from his business for four years and lived off his savings.
Ramsay was also better positioned to survive the lean years, because he’d avoided the temptations of the fat ones.
“We were able to hang on, I guess, basically because of one thing, and that was the old-time philosophy: You just save your money. Save things. Don’t be buying a lot of stuff. And that’s what I think got us through,” he says.
“When things were going so well, the young ones kind of had an itch to spend money. You know, new trucks and all that stuff. And so, there’s the difference right there.”
Bolding added by EleBlog.
Source: http://electricalcontractor.com/?p=10201
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