...it's been coming and it isn't worth counting the monthly losses anymore. Ridiculous bidding wars which benefit only the owners and those contractors willing to buy projects for the sole reason of keeping their employees employed long enough for the ****ty economy to turn rosy again. It isn't happening folks. I've had enough. The stress isn't worth the meager return.
I've cut back to 12 employees who have about two months left on current projects and will sadly continue to thin the "herd" as we near completion.
Every one of my bids in the last 6 months have been undercut to below cost by others who still have a glimmer of hope. Good luck to them.
I've continued to cut the profits to bare bones and there aren't any bone left to gnaw on.
As they say: Another one bites the dust.
I started over after leaving the service in the early 80s, and then started over after moving back to Colorado in the early 90s, we'll see what the cloudy future holds.