Items Tagged with 'Carillion'

ARTICLES

Project Finance

On Heels of Carillion Collapse, UK Abandons Private Finance Initiative System

October 31, 2018

The government now plans to use different mechanisms to attract an estimated $380 billion of private investment into its long-term infrastructure pipeline.

Carillion Fallout Affects Major Hospital Project in Liverpool

Peter Reina

October 3, 2018

No Comments

Managers of a 90%-complete, 646-bed hospital in Liverpool will take charge of the project after unravelling a public-private partnership with the contractor Carillion Plc, which collapsed ignominiously in January.

New Parliament Report Slams Collapsed Carillion Bosses, Auditors and Regulators

Scott Van Voorhis

May 23, 2018

No Comments

Analysis details corporate "greed and hubris," with calls to break up big accounting firms KPMG, Deloitte and Ernst & Young.

After 'Near Death Experience,' Balfour Beatty UK Rebounds Well

Peter Reina

March 22, 2018

No Comments

Four years after serial profit warnings, the contractor reports doubled earnings and a $16B backlog.

Construction Surety

Ten Minutes With Marsh's David Hewett

Marsh's chief of U.S. surety talks about the economy, defaults and accounting changes

March 2, 2018

No Comments

A question-and-answer session with the big broker's chief of U.S. surety.

Risk Management

When Carillion's Leaders Missed The Biggest Risk Of All

Members of Parliament aim criticism at directors as well as executives

Richard Korman

Peter Reina

February 28, 2018

One Comment

The investigation of the collapse of Carillion plc has in a few weeks produced hundreds of pages of testimony and documents and withering verbal criticism by members of Parliament (MPs) directed at the company’s executives, accountants and pension regulators.

The Collapse of Carillion

Members of Parliament Zero In On Carillion’s Accounting

Richard Korman

February 22, 2018

No Comments

The once giant UK contractor's former leaders owned up to numerous mistakes, but said they didn't conceal the company's true condition.

Viewpoint: A Contractor Collapses

Where to Probe Carillion's Demise

January 31, 2018

No Comments

The investigation into Carillion’s rapid insolvency and liquidation is now in full swing.

Viewpoint: A Contractor Collapses

Why Carillion’s Fall Is About More Than Privatization

Richard Korman

January 25, 2018

One Comment

The issues raised by Carillion include disclosure and payment.

Risk Management

UK Contracting Giant Carillion Collapses as Rescue Talks Fail

Losses on Middle East projects and P3s doomed the contractor

Peter Reina

January 15, 2018

No Comments

Government and partners take steps to secure contracts, employee pay as lenders bail on deal to fix firm's $2.1 billion debt; some fears of industry-wide impacts.

EVENTS

Webinar

3/14/19 to 3/14/20

Online

Contact: Lauren Whitaker

Lessons Learned from Construction’s Financial Flameouts

ON DEMAND

The insolvency and liquidation of the UK's second-biggest contractor, Carillion, and the abandonment of the V.C. Summer nuclear expansion project in South Carolina, raise questions about the interpretation of financial data for an accurate picture of the cost to complete work. ENR’s panel of experts will discuss how best to ensure the accuracy of cost to complete on complicated projects.

Sponsored by:

A unique new event spotlighting the latest design & building processes, products and emerging technologies. This interactive three-day conference & expo is designed to inform and inspire today’s entire building team — innovative and influential architects, engineers, contractors, facility managers, owners and more. Educational sessions will include six separate tracks focused on plumbing, HVACR/mechanical systems, flooring, building envelope, roofing and general contracting.

ENR

April 22, 2019

Workers’ compensation experience ratings are widely misused as a proxy for safety. This report explores how they can cost bidders contract wins, although some owners and contractors are waking up to the problem.

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