It really annoys me this whole Carillion story.
I have said it on Linkedin before, after a sub-contractor lost tens of thousands of pounds in another big job.
I think the way the construction industry is run is an absolute sham! My cousins started up away back in 2010, and they were doing subcon work, they were never ever paid on time. These higher up the chain companies hold on to the money for as long as they can drag it out, the people running them are a disgrace. Corruption
I think any Construction Projects - The funds should be given to an independent body who releases the money across the supply chain in due time.
I struggle to understand why Carillion Management who have left or are in the process of leaving, can be getting 10s to 100s of thousands of pounds pay-offs if there is no money? If there really is money, then they should be honouring responsibilities across the board, not lining individuals pockets. Government handouts and bailouts is shocking. they are now blatantly saying in the news that small businesses who have suffered will be offered loans, in which - if they default on paying - the public will have to pay.
As for small businesses - I think people get out their depth, its good to have ambitions, however, to risk your own home etc building up credit on supplies for a project you have no control over, is madness.
I was offered to do the Landscaping for a new housing project a few years back, I said I would on condition they paid me two weeks deposit and fortnightly, on time, if they were a day late, I wanted interest on the amount, if they didn't pay after the third week, work would stop.
They did not take up my conditions. I dont see it as me losing a big contract I see as safeguarding my business, and albeit part-time now, Its still running six years later.