Carillion collapse sent firms off chasing work at rock bottom prices, says steel boss

By Dave Rogers2018-09-19T06:00:00

Billington pulled out of bids as rivals scrambled to fill order books

Steelwork contractor Billington said it was forced to abandon bids for jobs earlier this year as firms left stricken following Carillion’s collapse snapped up jobs at rock bottom prices in order to plug gaps in their order books.

Chief executive Mark Smith said his firm had been eyeing a number of jobs worth £1m to £1.5m at the time Carillion sank.

But he said firms left high and dry by the contractor’s implosion suddenly flooded the market chasing work sending prices downwards.

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