The problem has been building for a long time and it all came to a head in January 2018 when the second largest construction company in the UK (Carillion) went bankrupt.
Industry Watch – Payment Retention – How the Construction Industry is Acting to Reduce the Impact of Contractor Insolvency
Since the fall of Carillion, the construction industry has been actively seeking a change.
Financial Risks – How Mega Construction Firm Failings Elevate Performance Risks for Owners and what YOU Can Do About It.
Separately, these stories are examples of the ways construction firms can go bad, collectively these show patterns we need to recognize .