We can all be wise after the collapse, including Peston. But the way bidding works, 9 times out of 10, it is the lowest bid that gets he job. To go for another, more expensive, bid, then the bid selection team really has to make a very serious case, and stick their neck on the line.
Yes the company was in trouble but maybe on balance the government bid selection team thought they would pull through. Maybe they thought the risk was acceptable, and worth the saving?
Also often the bid selection team isn’t working involved with such matters. I’ve so many times simply used a preexisting frameworks, as if you don’t then the procurement process can take years. If the parties involved are on the framework then you don’t have to check them again.
Arguably there is a case for framework owners to perhaps review it more regurlarly.
It was a short term fix for what looks like an inevitable collapse, the market appears to have decided that Carillion was no longer a viable business, all the Government did was delay the companies eventual liquidation. Whichever way you spin it, the collapse of Carillion is going to hit the countries finances down the road. The most immediate cost will be the pension fund.
The Government delayed the markets conclusion - Carillion was no longer a viable business. If they'd spent time planning for the collapse of the company then they wouldn't have got their knickers in a twist over it and be scrambling around trying to do damage limitation. But it appears they didn't plan for it, where as Local Government across the Country did plan for it to a degree i.e. Council and Carillion reach agreement over contract
Fire services ready to deliver school meals after Carillion collapse
Those quotes show that the council wanted a way out of the contract, not that they were planning against the collapse of Carillion.
"Since 2012 the council’s policies and strategies – particularly in relation to property and its estate – have evolved in such a way that the tie-up with Carillion makes less commercial sense now than it did in 2012."
Fake news.
I particularly liked this bit:
https://www.avforums.com/attachments/upload_2018-1-16_17-17-35-png.966683/
Saying so don't make it so, he was corporate responsibility advisor to Theresa May for several months. Not one her appointment's like Toby Young but Mr Phillip Green was an advisor to Theresa May.
Oh, the irony //static.avforums.com/styles/avf/smilies/clap.gif
You stated he also advises Theresa May. He doesn’t. And unless you have any evidence that he provided advice to TM in the couple of months before she disposed of his services, then it remains fake news.
Couple of months?! More like FIVE months as a No 10 advisor with TM in charge. And that's not what 'fake news' is (think Han Solo saying "that's not how the Force works" data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7).
Carillion collapse: Chairman Philip Green was a Number 10 adviser under David Cameron and Theresa May | City A.M.