Opinion

Mergers are for shareholders, not the industry

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  1. To Peter’s reference to “the commercially unwary” I would add ‘the contractually unwary’.
    Further, the paragraph following the above quote notes “…Carillion has a reputation for being particularly tough in this regard”, to which I would further add, “and Balfour has a reputation for being no pussycat in such matters either”.
    I have been directly involved in aiding specialist subcontractors fight for their entitlements against rough-shod-riding by Messrs BB.
    The days may have passed when BB seemed to be forever in the courts creating new authorities but that leopard seems not to have changed its spots, much.
    Even with the playing-field-levelling of statutory entitlement to adjudication parties, contracting with Carillion OR Balfour, let alone a combination, would be very well advised to be commercially AND contractually aware to emerge at the other end reasonably unscathed and with the margins built into their contract sums intact. Far far better to get all of one’s ducks in a row and avoid disputes over payment than firefight to mitigate damage.

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