Construction company goes into receivership

ONE of the country’s largest building companies, McNamara Construction, has gone into receivership – putting a number of major construction projects around the country on hold and threatening the future of thousands of sub-contractor employees.

The company had been liasing with NAMA over a business plan which was rejected. It is understood the receiver, Farrow Grant Sparks, was put in place on Thursday night following the collapse of the plan.

Pat Harte had been doing work for McNamara Construction at the Tallaght Institute of Technology. He was due to receive €50,000 yesterday and was owed €200,000 in total.