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I think the rules were meant to be tightened up so sub contractors get paid in a shorter time frame. Carillion got it's payments from Government every 30 days I believe.
You've missed the point - First you have to work out what the realistic cost of a contract is, then apply that to bids that come in. Otherwise you'll continue with the race to the bottom and more companies like Carillion going under. This might not be an isolated case, an urgent review of government contracts and the companies that hold them needs to be undertaken to look for potential risks.
If you know anything about Oxfordshire County Council, you'll know it has zero commercial sense.
He was in post for around 6 months before May "sacked him". More likely it was her advisors who sacked him, everything had to be run past those two before May could make a decision apparently.
Anyway I expect this is the first of many smaller companies, possibly going under -
Carillion casualty: landscaper owed £1m that could go bust |
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