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Steel Advice - The Fabricator's Resource
Dedicated to support the steel fabricator with real world solutions to real world problems.
 August
  2011
Fabricators are surviving though
economic indicators remain weak
Talk around the industry is that many fabricators are surprised at the survival of their competition. During times like these we feel we should see many companies close their doors, but not so in the past two years. How has this not happened? The answer to this is complicated.

Some fabricators saw the recession coming, and were able to set themselves financially to carry through. Some companies have diversified into different markets. Some have found work out of state because they know they offer a competitive edge in expertise or labor cost. Some have transitioned into service providers, doing design, fabrication and installation as a complete package, becoming the 'one stop shop'.

It seems as though much is happening at a more negotiated status. The open market commercial work is mostly government funded (schools and universities) while the private work is more subdued, almost downplayed, and is not advertised in the same way it used to be. Projects have become more 'select list' and are not visible to the general public. Many jobs, normally listed and found at BXWA are now appearing at other sites like Blue Book or iSqft instead. This shift in advertising may have been a financial decision, but it is a wake up call to those that have been used to the status quo. The projects are out there, they are just harder to find.

If our niche in the industry is not working for us than we have to make a new one. Creating a diversified work load for the shop, trimming costs, lowering margins, minimizing the workforce and subcontracting some of the work as projects require may be the combination that is keeping many fabricators alive. Planned or unplanned, the survivors are surviving.

We trimmed costs, lowered margins, what is left? Divide and Conquer!
Estimator's Corner
Shop Talk with Steve
The Project Manager
Dealing with Problem Employees
Expand your Customer Base
View and Track the Shop Labor Hours
Classifieds
The project is running at break neck speed, but the cash comes in at a snail's pace. Schedule your cash flow needs to service the debt!
Pacific Drafting, Inc.,
Long Beach, California
Accounts Payable meet Accounts Receivable!
Creating your QC Standards
Featured Steel Detailers
You can make your own quality control manual and program to present to your customers. This installment explains Management Responsibility
Sidebar
John Linn Associates, Inc.,
Livermore, California
New!
New!
Featured
Fabricators
Specialty
Sheet Metal
Management Responsibility
Have something to sell or auction? Looking for something in particular? See the Classifieds!
Just one more thing we had to say......
Cover Page
Shop Talk with Steve
Estimator's Corner
The Project Manager
Creating QC Standards
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