The collapse of Carillion is apparently leading to a situation where the taxpayer is going to be forced pay an extra £400 million to complete a hospital which is currently only 10% complete. Carillion got paid £205 million of an original £350 million budget. Oh, and the hospital will be four years late.
So much for transferring risk to the contractor.
Yet, there are still advocates for private companies like this to continue to be used.
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