The demise of Carillion has brought into sharp focus some deep-rooted questions for the industry. Most focus on the procurement of major projects, but it would be dangerous to assume that it affects only those major projects. 

It was quickly recognised the collapse of such a major player would have profound knock-on effects for those reliant upon the major contracts and their suppliers. But the full extent of the fall out could well be more widespread. 

In an industry dominated by low profit margins, there will inevitably be companies that cannot manage the sums they are owed. The cash flow impact of an immediate cessation of work could be catastrophic. Arrangements are being made for loans to be available to those most affected. But, by its nature, a loan can only be a short-term (and partial) fix.

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