Contractors and suppliers ‘positive’ about Vistry price reductions, boss insists

By Carl Brown2024-01-15T13:33:00

Hundreds of firms have agreed to cut costs with none walking away, says Stephen Teagle

No suppliers have decided to stop working with Vistry after it asked them to lower their prices last autumn, the housebuilder has told Building.

The firm sparked an outcry after it wrote to contractors to ask for a 10% price cut. Vistry’s partnerships boss Stephen Teagle later defended the move, telling Building it would lead to greater efficiency and more work in the longer term for contractors.

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