How Brexit puts the UK at risk of more collapses like Carillion
Moheeb AbuAlqumboz, University of Huddersfield The construction industry has always been characterised by uncertainty. Managing large construction projects involves enormous challenges, coming from the political, economic, social and technological environments involved. The bigger the project, the bigger the challenge. For big infrastructure projects such as railways and hospitals, we’re talking multi-million pound contracts and thousands of employees, over a number of years. So, in many ways, the collapse of the UK’s second-largest construction company, Carillion, is not surprising. The National Audit Office, which scrutinises the UK government’s public spending, predicted that more than one-third of mega projects – the kind that the government outsources to Carillion – will fail in the years ahead. And yet the shape and speed of Carillion’s demise was still shocking – even to the many industry observers who were watching its poor performance over the past year. Not lea...