Many electrical construction firms are hanging on by their fingernails while waiting for the market to turn around, says Peter Corogin, president of Westlake, Ohio-based Lake Erie Electric. The number of bidders on individual projects has doubled, and some contractors appear to be bidding at cost to keep their electricians busy. “There is not enough work out there for all the competitors, resulting in too many contractors going after the same projects,” Corogin says. “A ...

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