Learn lessons about risk after Carillion collapse, Skanska boss tells clients

By Dave Rogers2018-08-03T06:00:00

Source: Tom Campbell

Greg Craig says contractors are expected to shoulder too much liability on jobs

The boss of Skanska’s UK business has said clients should heed the lessons of Carillion’s collapse and start to share more of the risk on jobs rather than load it all on to contractors.

Greg Craig worked at the now bust firm for seven years, joining it back in 1996 when it was Tarmac before leaving in 2003 for Skanska.

Speaking about Carillion’s collapse, he said: “It has knocked on the head the perception if you want to transfer lots of risk, go find a big contractor and that’s how to do it. There has been far too much of that going on from clients and advisers.”

…

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