Whitehall asks Interserve to draw up ‘living will’ in case it goes bust

Interserve

Firm one of key suppliers told to provide back-up plan to avoid repeat of Carillion-style mess earlier this year

Interserve has agreed to provide the government with a back-up plan to avoid Carillion-style carnage in the event of its collapse.

David Lidington, minister for the Cabinet Office, announced on Monday evening that key government suppliers are being asked to draw up so-called “living wills” to ensure public services continue without severe interruption after company failure.

Lidington said: “Carillion was a complex business and when it failed it was left to government to step in – and it did. But we did not have the benefit of key organisational information that could have smoothed the management of the liquidation.

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

Gated access promo

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