Council asks Interserve to make back-up plan for its own collapse

By Jordan Marshall2019-01-10T06:00:00

Sandwell concerned about potential impact on schools jobs if contractor goes bust

A West Midlands council is asking Interserve to plan for its own demise as concern for the contractor’s survival continues to grow.

Sandwell council’s local education partner Sandwell Futures Limited (SFL) has revealed it is considering asking Interserve to create a “living will” to help prepare for any potential collapse, according to a report prepared ahead of yesterday’s meeting of the council’s audit and risk assurance committee.

The contractor, which has already been asked to create a living will by central government, has the exclusive right to major capital works at high schools in the borough and provides FM services to a host of schools in the area.

…

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