Most contractors are heavily in debt. Is it because they put all the money in advance?

? In today's society with expanding interests, the competition in all walks of life is fierce, and all walks of life are becoming more and more difficult to do, especially in the construction industry. For example, due to incomplete procedures or lack of funds, it is easy to stop work and rectify, and the project funds are in arrears, resulting in heavy debts for engineers who have no power and rely on labor to make a living. Migrant workers in Baotou, in particular, used to be nouveau riche with deep pockets and driving luxury cars, but at the same time they were synonymous with the image of arrears in wages and debts for migrant workers. Then why on earth are they in debt? Bian Xiao believes that there are mainly the following reasons:

? First, although the construction industry is an explosive industry, due to the fierce competition in the construction industry, the profits are getting smaller and smaller, and the project's ability to resist risks is relatively poor. Sometimes the contractor can grab the job, and sometimes even because of the temporary shortage of project funds, he will do it himself and bite the bullet, which is good; Sometimes there is a safety accident at the construction site and compensation is needed, even the money earned by working is not enough. If you are unlucky, you will be heavily in debt.

? The second is corruption and chaos in the field of building engineering construction. Because there are more wolves than meat, in this case, it will lead to malicious competition, and some contractors will use shady means, such as bribery, to get the project. But flies don't bite seamless eggs. If one person breaks the rules and the balance, more people will follow suit and gradually develop this bad atmosphere. Sometimes, for the greater benefit, the contractor will cut corners and engage in some tofu projects. However, it is often difficult for contractors to get the project progress payment in time according to the contract, and they are often in a weak position in this process, especially when the project needs to be audited to get the payment, which will delay the payment time of the project, ranging from more than one year to more than three to five years. Therefore, it will cause the contractor's capital turnover difficulties and be heavily in debt for a period of time!

? Although the industry is difficult, I still hope that everyone will have more social integrity, not default on the project payment and the wages of migrant workers, so that workers are full of enthusiasm and the industry is getting better and better!