Worries grow over cut-throat bidding and cash flows drying up, Mace report finds

By Dave Rogers2020-06-18T05:00:00

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Tender forecast expects ‘substantial drop’ in new projects over next 18 months

A return to cut-throat bidding and a cash flows drying up are some of the issues facing the industry in the coming months, a new report by Mace’s consulting arm has warned.

The firm, which yesterday announced it was having to make 300 staff redundant, around 5% of its workforce, said tender prices could fall by as much as 2.5% next year.

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