Vistry spells out 10% pay cut plan to subbies

Grant Prior 1 year ago
Share

Vistry bosses have started meeting subcontractors this week to discuss 10% pay cuts on contracts.

The Enquirer understands subbies across all trades are being asked to discount 10% off their bills for existing contracts from January and all new work going forward.

One subcontractor said: “It was made pretty clear that if we can’t do this they’ll find other firms that can.”

Another specialist said Vistry is suggesting that savings can be made in the price of labour rather than slashing subcontractors’ margins.

He said: “That’s easier said than done in the current labour market and I’m not sure how that sits in the drive for quality house builders bang on about either.

“It’s the same old cycle once again.

“Everyone talks about improving standards and quality then as soon as the market starts tightening it’s all about cost cuts.

“I’m sure they will find some subbies who will come in at a cheaper price but at what cost in the long term?”

 

Latest news

HS2 Euston tunnel work put on hold

Supply chain told of delays in shock announcement
1 hour ago

Gateway 2 approval delay pushes back Bristol student scheme

Student developer warns fire design approvals will push projects back 6 months
5 minutes ago

Axa submits plan for 46-storey London city tower

176m office block plan submitted after 22 Bishopsgate space fully let
9 hours ago

Winners named for NHS building safety and fire compliance deal

66 specialists and consultants lined up to deliver compliance backlog
39 minutes ago

Durkan launches specialist housing upgrade business

Regeneration arm to deliver housing maintenance, retrofit and fire remediation works
16 hours ago

Grants extended to switch van fleets to electric

Need for extra training for zero emission van drivers abolished
60 minutes ago

Sweeping changes to public procurement come into force

Procurement Act 2023 brings greater duty to report on contract performance
1 day ago

£3bn London councils general works deal out to bid

Five-year London Construction Programme framework up for renewal
1 day ago

Didcot demolition disaster probe enters tenth year

Thames Valley Police "moving towards the latter stages of enquiries"
2 days ago

Hunt for development partner for £4bn Bristol Temple Quarter

130 ha masterplan could deliver 10,000 new homes
1 day ago

Sovereign starts hunt for £750m framework builders

Housing association looking for contractors across West, South, London and East
1 day ago

Bromford sets 11,000 new homes target across West of England

Housing association on land-buying spree to scale-up construction work
1 day ago

Administrators take control at Acheson Construction

40 staff made redundant at South West regional contractor
4 days ago

34 secure spots on £1bn NEPO civils framework

Balfour Beatty, Graham, Taylor Woodrow and Winvic signed up for first time
4 days ago

Bouygues claims net zero construction goal at Welsh project

Llanelli leisure centre and health campus achieves green construction target
4 days ago

Manchester civil service digital campus approved

Two Government office blocks totaling 900,000sq ft to cost £310m to build
4 days ago

New mobile charging vans crack electric plant downtime anxiety

FM Conway trials new service that recharges small plant in one hour
4 days ago

Build to rent deal kick starts 3,500-home Dagenham scheme

Deal secures 935-home first phase of Ford Dagenham plant redevelopment
4 days ago

RSK adds another 110 staff with N-Able Group deal

Consultant and construction services group makes latest acquisition
4 days ago

JRL Malaysian backers plan 580-home Wheat Quarter scheme

Plans in for Welwyn Garden City Shredded Wheat factory redevelopment
5 days ago

Recycled aggregate firms blast new waste crime levy

10% levy on all recycled aggregate producers to fund policing waste crime
5 days ago

£110m Liverpool Metalworks resi scheme gets nod

Legacie Contracts tipped for 16-storey Pumpfields project
5 days ago

Building products firm fined £1m after double accident

Scaffolder hurt in fall and worker caught in machinery at Norbord factory
5 days ago

Graham lands £42m Woking road upgrade

A320 upgrade will unlock new housing schemes along route
5 days ago

Dandara 300 homes High Wycombe project approved

Firm to demolish Chilterns Shopping Centre for build to rent job
5 days ago

Three Keltbray managers took £600,000 in bribes

Site managers convicted for taking kickbacks from labour supply specialist
6 days ago

Bidding starts for £1bn YORcivil major works deal

Eight firms face fight to renew places on big civils framework
6 days ago

ECF clinches deal for Hull 850-home urban village

East Bank waterside village plan advances
7 days ago

Maintenance firm Cardo in second Scottish acquisition

North Lanarkshire property maintenance firm Rodgers & Johnston bought
6 days ago

Kier confirms £41m Salford Uni health building job

Work starts on specialist three storey teaching building
6 days ago

Contractor services