There are currently more than 700 operational PFI contracts in place in the UK, with a capital value of £57 billion. Over the next 10 years, over 200 PFIs will expire. The NAO’s recent report on ‘Managing PFI assets and services as contracts end’, the Scottish Futures...
The attached paper, written 4 years ago, examines how typical PFI/PPP infrastructure special purpose company (SPC) boards are structured and whether they are fit for purpose. Little has changed since the paper was written and arguably, the collapse of Carillion and...
There are widespread reports of contractors returning to ‘survival bidding’ where bids for projects are submitted at or below cost. While cheaper prices are something that most consumers want – a below-cost bid for a construction contract can have...
(O’Neil & Williams – our Paper was first published in May 2020 in the Construction Law Journal and republished with some minor amendments in the August 2020 Edition of the ACICA Review (Australian Centre for International Commercial Arbitration). The theme of the...
The construction industry is notorious for having a high number of corporate insolvencies – and the numbers are almost certainly set to rise following the impact of the coronavirus pandemic. In this webinar, we will use interactive financial risk models to...
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