Durkan pulls out of contracting ‘because it doesn’t make enough money and is too risky’
Summary
Durkan has reportedly withdrawn from contracting, citing poor profitability and elevated risk. The firm says increasing regulatory burden is contributing to higher risk and declining returns in the sector.
Why it matters
This signals continued pressure on the contracting market, which can affect the availability, pricing and reliability of works relevant to residential property surveying. Surveyors may see knock-on effects in repair, remediation and refurbishment projects where contractor capacity and risk appetite are changing.
Key points
- Durkan says contracting no longer makes enough money.
- The firm cites excessive risk as a reason for exiting the sector.
- Regulatory burden is described as increasing operational risk.
- Declining returns are affecting business viability.
Organisations:
Durkan, Building Magazine
Locations:
Hertfordshire
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