Civil engineering specialist Dew Construction (Oldham) has fallen into administration, reported Construction Enquirer. The firm ran into financial difficulties following payment delays on a contract and an adjudication settlement which fell a long way short of its expectations.
The firm, which employs 32 people, is now in the hands of administrator Ernst & Young.
John Hensman, Business Development Director, told Construction Enquirer: “Competition in the market has increased and while Dew consistently outperformed its peers on quality, the economic climate, pressure on tender prices and very aggressive contract administration by some clients has meant that this is often not enough.”
The firm provides civil engineering services across a number of sectors, including water, waste, power, highways and development infrastructure.