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Re: Carillion Crisis
Carillion CFO says the supply chain let contractor down.
Quote:
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Carillion’s former CFO Zafar Khan has told MPs that subcontractors had made it hard for the company to generate income.
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Quote:
Out of the approximately £800m debt, he said £400m was linked to work in Canada and the Middle East.
Mr Cochrane said that a project in Qatar saw 2,500 design variations submitted and that Carillion was not paid by the client for 18 months prior to its collapse.
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https://www.constructionnews.co.uk/c...027847.article
Too many fingers in too many pies and the consequences of it all are there for all to see.
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“The only lesson you can learn from history is that it repeats itself”
Last edited by denphone; 06-02-2018 at 13:12.
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