Carillion will have signed the Prompt Payment Code. They will expect to be payed on time and pay their sub-suppliers on time and SMEs within 30 days. Industry self-regulation and codes don’t have teeth do they.

I guess they just got too big for their capabilities. These big projects and outsourcing deals are hard to specify and tender, hard to bid in the time given, hard to evaluate and select, end up with overly complex contracts and are hard to contract manage. Lots of opportunities for things to go wrong.


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