How do we reduce the risk of another Carillion happening

摘要

Much consideration has been given recently to the state of the UK construction market, with its low productivity, low investment and low take-up of digital levers that might benefit all stakeholders. The UK construction market is highly fractured, runs on marginal profits and in the case of many large construction firms, accountable forevery financial blip to their shareholders. There are a number of factors at play in the current financial climate that do not help these matters. In a short-term focused world where cash is king, value is often lost. Margins are cut still further to secure work, often predicated on gains from future change. This approach filters down the supply chain putting huge pressure on managing the finances at the cost of creative thinking, trialling and adopting innovation and long-term training of the workforce. This is then underpinned by the cyclical nature of construction that does not countenance long-term investment as companies battle to survive in the here and now.