Bellway commercial managers in cost cutting drive – Construction Enquirer
The call comes after the Enquirer revealed that subcontractors are being asked to cut their rates by 5% on Bellway jobs.
A trading update from the house builder this morning highlighted the impact of Covid-19 as completed sales fell 31% to 7,522 for the year to July 31 2020.
Net cash in the business dropped to £1m from £201m but Bellway said it has a substantial order book of £1.76bn comprising 6,588 homes of which 64% are contracted.
The update said: “This resilient forward sales position pr…