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CASH-STRAPPED Galway City developers are set to turn to industry heads at a meeting next week for advice on keeping their businesses afloat. It is widely expected that builders will be advised to slash their prices in an effort to offload unsold housing stock in the city, as they face increasing pressure to repay loans.The countryÕs buildersÕ representative organisation, the Construction Industry Federation is expecting a large turnout at the ÔPreserving Profitability in a DownturnÕ meeting next Tuesday, because of the increasing pressures they face as the countryÕs property market bottoms out.According to sources in the construction industry, builders will be advised to drop prices on new homes, a tactic which worked extremely successfully for locally-based OÕMalley Construction last May when they cut prices in two city estates by Û25,000 to Û70,000 and sold 40 units.A spokesperson for the CIF told the Galway City Tribune that because of the property downturn and the reluctance by banks to finance projects, some developers are finding it difficult to survive.ÒThis is aimed at managing directors and CEOs of companies in Galway. We had around 100 in attendance at a similar meeting in Dublin, and that was during the [buildersÕ] holidays. Many developers are having difficulties with banks and...