Contractor survey uncovers some startling financial statistics that could trigger a 5G train wreck [U.S.]


Originally published by Wireless Estimator

Note: This survey relates to the U.S. tower industry, not the Canadian industry.

In their drive to lower capex as they roll out 5G, [U.S.] carriers have created a troubling national Achille’s heel – a contractor base that has many companies swimming in debt with serious cash flow problems, according to results of an extensive nationwide survey taken by Wireless Estimator.

The wireless contractor survey that was completed last quarter by 263 vetted companies, clearly indicates that many owners are concerned about their ability to take on additional work as their margins keep getting squeezed, as carriers continue to pass on additional responsibilities and their inherent costs while extending payment terms to 90 days or more.

Those unsustainable terms, in a mostly labor-centric industry where contractors can’t markup cranes and other expenses, are compounded by the fact, according to the survey, that closeout document problems and other client-generated delays can add another 30 to 45 days or more to the time before payment is received in order for contractors have the ability to take on any additional work.

Respondents addressed over 70 questions with the results provided in the below graphs.

Read the full article including survey results at wirelessestimator.com