If it goes tits up, the DIO Estate is buggered. No one to cook, clean or maintain large swathes of it.Looks like Interserve are teetering on the edge of a Carillon style debacle.
Interserve shares fall as growing debt sparks fears over its finances
its not going to plan the losing bidder has contested the award and may go to court as yet, may even go the way of the SAR balls up yet, MOD has only been trying to sell off fire cover since about 1985.I wonder why they would do that, Interserve will be selling off their "non core" business so it could work out well in the end.
Both.Is it bad management or more of a sign that public sector contracts need a overhaul ?
Out of morbid curiosity had a look at their Q3 results announcement.Slightly off topic, but one fun way to pass a few minutes is to pop on lse.co.uk and look for the days biggest fallers and then check out their forum.
So many salty tears..
Oh some of their best efforts include very near misses:Interserve. Bunch of over-reaching, contract hungry, price cutting, incompetently managed, subbie bashing twats. Don’t owe me a penny despite their best efforts.
£60.00 + £29.00 = ?Pretty much sums up all outsourcing companies, but equally the naivety of the companies giving them contracts.
SWMBO worked for local government who outsourced all maintenance to GDF Suez. This resulted in a cost of £79 to change a single lightbulb in an interview room (no windows) ad the cost of the bulb? £0.59.
GDF classified this as a "call out" under their contract and therefore put an immediate minimum charge of £60 on. And yes, they really did try to charge £29 for changing a light buld as "non-routine maintenance".
SWMBO's team being horrified at the cost, sent someone out to B&Q at lunchtime (round the corner from the office), shoved a table into the middle of the room and did the job for £0.59 out of petty cash.