The first part of your post is correct.



However, regarding "the purchaser to satisfy themselves of the integrity of the bid.", I dont believe this is always the caes and there are circumstances where, if the information given in any tender is proven to be incorrect, there will be a get out clause for any supplier or, as usually happens, they carry on until the end of the tender period and use the experience to guide them in future deals with whichever company.has "wronged" them.

There can also be occasions when "fixed" pricing can be altered during the period of supply.

Privatise the profits and socialise the losses. It's never those who are at fault who pick up the tab.

In the meantime bank the taxes

How did Carillion ever get a public contract? possibly because they were the lowest bidder by a distance.



That company was rotten to the core - not all private business is run with such lowly ethics/culture. I would suggest the high up people in that business will struggle to gain employment in a any kind of sizable business.

My parents had their own business, just my Dad running it on a day to day basis. I know what it takes to keep it going, about simple morals & business ethics, & who suffers if it struggles. There are a handful of large construction companies & consultants in the UK capable of dealing with projects >£20m. It is a merrygoround of senior managers between them. I have seen numerous companies go bust, taking small suppliers & sub contractors with them, only for the same people to crop up soon after.

I would suggest the skill set of running a large project is not in the skill set of the main directors of Carillion it will be in the senior project managers/engineers. Very slim chance of the Chairman/CEO/CFO ever appearing on the board of a major construction company in the future.



They will do well to avoid being struck of as directors and stuck off their professional bodies.