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▲ Left to right : Richard Coleman , Vice President of Operations , Tivona Cunningham , Director of Strategic Planning , Marc Heiman , President and CEO and Mark Gaccione , Executive Vice President of Field Operations
Construction Today last sat down with Marc Heiman , President and CEO of Richter + Ratner Contracting Corp . ( R + R ), in 2021 . We are touching base again to hear how the business has fared over the last couple of years and to find out how construction has changed given the external factors that have affected many sectors and companies in the industry . These include fallout from Covid ( material procurement , shortage of workers , etc .), as well as other influences .
“ I truly believe that the industry is broken now in many regards ,” Marc begins , as we catch up in 2023 . “ R + R has to turn down more opportunities than it takes on , because the economics , along with other underlying constraints , make it very challenging to earn a fair compensation .”
As increasing numbers of less qualified contractors bid on projects that are out of their league , Marc highlights the resultant repercussions on the market . “ R + R has always been more of a specialty contractor , working on challenging and complex projects . However , when other sectors are less saturated with work , those contractors attempt to dabble in projects to which they are not suited , and do not have the knowledge base or resources
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