Economists predict that construction will continue to decline in 2009, but at a slower pace — and only if the government bank rescue and economic stimulus plans work. That’s not completely comforting news for building contractors, but it does provide a new opportunity for building owners that can stay the course with planned construction projects. After several years of increasing prices, material costs have dropped. This effect, along with reduced construction demand, should produce lower overall costs for individual construction projects.

While the current business climate is unsettling, I am optimistic about the long term prospects. High Construction’s solidity and financial strength will enable us to maintain our long term strategic plans during this roller coaster ride. Like other sound companies, we’ll make adjustments where necessary, watch our cash flow and expenses, and continue to focus on what we do best. For us, that focus is on customer satisfaction, safety, quality, scheduling, and cost control. At High Construction, we will tighten our seatbelt, take a good firm grip on the controls, and ride this one out.

Matthew D. Twomey
President
High Construction Company