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05May94 UK: WATER CONTRACTORS FEAR SPENDING RUN-DOWN.

Water contractors and suppliers fear a run-down in capital spending as the industry holds its breath ahead of the results of a financial review in late July.Watchdog Ofwat is running the rule over water companies' strategic business and spending plans for the next five years before clearing the next water bill increases.But contractors and suppliers say work has tailed off ahead of the review and that programmes will suffer unless they are tied to profit margins or legal obligations.Firms ...

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