Revenues plunged for more than half of the electrical contractors on EC&M’s fourth annual Top 50 Electrical Contractors listing (See table on page 4). The firms averaged an 8 percent drop in sales from 2001 to 2002, compared with a 7.25 percent increase experienced by the Top 50 from 2000 to 2001 and a 27.7 percent increase from 1999 to 2000.
The marketplace can change quickly in the construction business. In the late ’90s electrical construction companies had more work than they
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