Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Who will pay the price?

19 January 2018

How the mighty have fallen. Four years ago, construction and support services company Carillion was bidding to merge with its larger but troubled rival Balfour Beatty. Yet on Monday Carillion itself was placed in liquidation.

Commentators have criticised clients for awarding new contracts to Carillion after it issued the first of three profit warnings last July. While the adage caveat emptor (let the buyer beware) always applies, the job of assessing Carillion’s financial health in detail...

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