Thepropertydevelopmentcourse.com

Carillion. What Happens When A Big Construction Contractor Fails ?

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Sinopsis

*Archived June 2019 for subscribers only. In this episode we ask what happens when a national building contractor goes out of business suddenly? Britain's second largest construction firm, which employs 20,000 people in the UK, went bust in early January 2017 with debts of about £1.5bn and it's liquidation will cause long-term shock waves throughout the property and construction industry as well as UK Politics in general. Welcome to fun with property. We are an online audio resource for anyone looking to be or actively spending money in construction, property development, property investment and real estate; And have lots of fun along the way. Carilion's work stretched from the HS2 rail project and military contracts to maintaining hospitals, schools, and prisons. Carillion sub-contracted nearly all of its work out meaning there are thousands of sub-contractors and suppliers out of pocket with nobody to sue or claim their money from. The government has said it will continue to pay for work on public works co