Clifford Chance

Contractor insolvency during a project

19 February 2018

The insolvency of Carillion has put jobs and pensions at risk, as well as causing financial headaches for governments, developers, subcontractors, lenders and sureties of ongoing projects. It looks set to cast a shadow over infrastructure, construction, facilities management and maintenance markets for some time. Media estimates immediately following the collapse reckoned up to 30,000 businesses would be left owed £1billion and these numbers have only increased since then.

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