There are now over 700 operational PFI/PPP projects in England and Wales across all sectors, with a capital value of over £60 billion. More interestingly, over £200bn remains outstanding to be paid to the private sector for the provision of services over the remainder of the contract term, making the potential scale of the issue significant. The scale, and financial position of, these projects is similar in Scotland.
For those involved in operational projects, understanding the extent of their exposure to any one particular contracting entity is vital, given the number of subsidiaries operating under the umbrella of each of the main infrastructure groups. If you are overexposed to any one particular entity, you should be putting in p…
Read the full article at: https://www.out-law.com/en/articles/2018/january/carillion-project-companies-should-put-contingency-plans-in-place-to-deal-with-contractor-liquidation-experts-say/
