Construction Enquirer Opinion: Time for change as majors suffer £850m loss

There can be little doubt that big name contractors suffered more pain than expected coming out of the last recession.

Seven major contractor businesses have emerged like walking wounded after jointly running up a staggering £850m loss.

Much of this may be down to Balfour Beatty and Vinci, but the extent of the malaise calls in to question the quality of management and risk control processes during the downturn.

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