Written by admin in Latest News.
Everyone involved with the industry is well aware of the recent decline in the demand for engineering and project services. Some have felt the pain directly through forced redundancies and all of us know personally 2,3,4 or more people who have seen contracts end and project teams get wound up without direct work to move onto.
NWPM is using this environment to look for opportunities to grow. High quality engineering personnel are more available and pay rates are more negotiable than any time in the past 7 or 8 years. Mine owners are striving for cost improvements and efficiency improvements and they expect the same from their service providers and this is where NWPM sees the opportunities. While NWPM has a strong foundation, the company is not so big that it can’t move quickly and respond to the current market. A recent review of overhead costs has seen our senior management salary packages adjusted immediately to meet current market conditions, highly qualified new starters (Structural Engineer, Lead Mechanical Designer, Senior Engineer E&I) have all been brought into NWPM with packages matched to current conditions. NWPM’s fee structure has also been adjusted to reflect our reduction in overheads.
All of this, together with our history of adjusting our services to suit what a specific project needs and what a specific to client needs, place NWPM in strong position to better service our clients. Better serving our clients can only lead to growth!