Construction SMEs prove resilient in the face of Covid-19

Construction SMEs are leading the recovery in the industry, as they prove to be more resilient than their larger counterparts, according to analysis from Hudson Contract. Construction SMEs have proven to be more resilient during the economic downturn than their larger counterparts. New analysis from Hudson Contract suggests that large firms have cut 30% of subcontractors since the week before lockdown. SMEs appear to have recovered more strongly and are using 21% fewer subcontractors. Ian Anfield, managing director of Hudson Contract, said: “Our figures show how SMEs are leading the recovery in the construction industry. “Smaller companies are proving more resilient, agile and adaptive to the new circumstances and are investing in skilled subcontractors to retain productive labour and finish jobs.

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