Suppliers have been contacting the Enquirer for the last few weeks about the £47m turnover contractor.
It is understood a notice to appoint administrators has been filed with the courts and creditors will be contacted by corporate rescue specialist Begbies Traynor imminently.
BMD is the construction delivery partner of Fortis Developments.
BMD has been building the Fortis Quay residential scheme in Salford where the latest two towers are nearing completion.
One subcontractor said: “We are owed a lot of money by them and we know of a few firms who have been asked to move their contracts over to another company to complete the work on Fortis Quay.
“We were uncomfortable with that and decided to walk away.”
Another added: “We have stopped working for them and it looks like we will be chasing the administrator for money owed to us.”