British Expats - Carillion

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British Expats (https://britishexpats.com/forum/)

- The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)

- - Carillion (https://britishexpats.com/forum/sand-pit-116/carillion-907979/)

weasel decentral

Jan 17th 2018 7:44 pm

Re: Carillion

Quote:

Originally Posted by DXBtoDOH (Post 12421592)

What is the biggest factor in determining whether a project is successful or not?

In my experience it's interfering clients who keep changing their minds during the design and construction stages. Too common out here.

Poorly conceived and designed at planning stage (at the client's behest probably) then it all flows from there.
Budget's already half shot by the time the innocent builder comes along and that leads to all the further resourcing issues, design changes etc. to finally kill it.

Millhouse

Jan 17th 2018 7:48 pm

Re: Carillion

Quote:

Originally Posted by UKCityGent (Post 12421594)

I would have to short your fund (for the interim) but as a side question why would you buy distressed assets in GCC - the lack of transparency and accounting practises alone would put me off

Of course. This also applies to the non distressed ones. Just appraised two opportunities in Egypt. The second guy was quite open about his double books which at least makes a change.

scrubbedexpat141

Jan 17th 2018 7:52 pm

Re: Carillion

Quote:

Originally Posted by weasel decentral (Post 12421624)

the innocent builder

Proper chuckle at that. :rofl:

Quote:

Originally Posted by Millhouse (Post 12421626)

Of course. This also applies to the non distressed ones. Just appraised two opportunities in Egypt. The second guy was quite open about his double books which at least makes a change.

I'm assuming you're looking for the next layers then?

Millhouse

Jan 17th 2018 8:03 pm

Re: Carillion

Quote:

Originally Posted by Scamp (Post 12421628)

Proper chuckle at that. :rofl:

I'm assuming you're looking for the next layers then?

I reckon two books is where they stop. Further value leakage will be done by having related businesses be suppliers.

littlejimmy

Jan 17th 2018 11:33 pm

Re: Carillion

Having just come from the UK, I can categorically state that it's much the same at home. Poor/late design, underestimating (to get the job probably) lack of resource, client changes....the last few jobs I've been on have all been the same. Just here you have even more change-prone clients with deep pockets and short arms, it seems.

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