A construction skills crisis coupled with overcomplicated tender processes and a lack of local government support have been blamed for a rising number of Welsh construction firms facing administration.
A report from CIOB has revealed that small and medium-sized enterprises (SMEs) struggle to compete with larger businesses when applying for work, despite making up 99% of the Welsh construction industry.
The SME Construction Landscape in Wales: Risk factor analysis says many SMEs feel forced to take the work even though they know it will involve taking a financial hit, just to ensure they have a pipeline of work to keep their business afloat.
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