Re: Carillion Crisis
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Re: Carillion Crisis
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Re: Carillion Crisis
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The problem is indeed with the tendering process. There should be less concentration on the lowest bids and more concentration on the overall package - how the tender meets requirements, quality, etc, but also the financial sustainability of the bid and the financial viability of the company. |
Re: Carillion Crisis
It's happened with rail franchises too. The cheapest provider wins even if it's obvious they will struggle to make it work. The other thing is these companies just sub-contract out the work to smaller suppliers and then don't pay them for months...
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Re: Carillion Crisis
http://www.bbc.co.uk/news/business-42695661
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Re: Carillion Crisis
Looks like the City was sceptical about Carillions position for some time:
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The auditors and the auditing process has to be questioned. |
Re: Carillion Crisis
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Many of our problems could be resolved by quite simple measures which would bolster discipline and stop the abuse of the law by companies. |
Re: Carillion Crisis
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Re: Carillion Crisis
Carillion, just another company that got too big for it's boots.
Would be a shame if the Directors had to pay back their bonuses and pension pots . . . as if :rolleyes: |
Re: Carillion Crisis
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When companies deliberately flout these rules, the penalties should be harsh enough to deter such behaviour in the future. There should be tax breaks for those employers that invest in growing their companies, pay their employees a fair proportion of the CEO's salary and provide better pension schemes. Tax evasion penalties should be so harsh that companies would move heaven and earth to comply, but all this would be in the context of a low tax economy. Tax avoidance should not be frowned on as this should only be possible through companies taking advantage of schemes approved by the government. Laissez faire is all well and good, but given human nature, it needs to be applied with conditions and expectations. |
Re: Carillion Crisis
http://www.bbc.co.uk/news/business-42703549
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Re: Carillion Crisis
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Re: Carillion Crisis
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Saying that, I agree completely that employees and small sub contractors need as much help as is possible. |
Re: Carillion Crisis
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Re: Carillion Crisis
Every director should have their assets seized, and the "golden hand shakes" made void.
their house sold and evict them. why should they get away will bankrupting a compy and keep their house while others will lose theirs. |
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