Government taken to task for failing to recognise Carillion's financial distress

By Jordan Marshall2018-05-23T12:18:00

Watchdog MPs say collapse raises questions about government’s relationship with suppliers

Government has been rebuked by MPs from the Public Accounts Committee for its failure to recognise and act on Carillion’s financial distress earlier.

The PAC is now calling into question the way government manages its relationships with strategic suppliers and the potential impact on the delivery of public services.

The government runs a “traffic light” system of warnings rating suppliers as red, amber or green (RAG) depending on their financial health.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community