Figures published last week highlight the fact that our major contractors are a spent force, and ultimately why they should no longer be allowed to dominate the industry and influence government policy around construction. Disappointingly, even after the collapse of Carillion, major contractors continue to sweep up the vast majority of publicly funded projects. Local authorities are still falling over themselves to outsource, and despite nice words, small works packages continue to be bundled up into mammoth frameworks, locking out small and medium sized contractors who have the genuine ability to deliver. Turning over £27bn between them, the country’s top ten contractors managed to return a loss of £189m; yes, a loss. On top of that, they are riddled with a debt pile of £3.8bn and no realistic prospect of paying it back any time soon. Their assets are worth less than their debt, they owe more to their suppliers than they are owed by their clients, and at any point – if a line were to be drawn in the sand – most of them by any normal measure would be declared insolvent. The picture improves as you reduce turnover. The optimum turnover for a construction firm seems to be around £500m, yet historically this has not satisfied institutional share-holders, so firms in that bracket (unless privately owned) go through rapid expansion or are vulnerable to aggressive takeover. My previous employer, Alfred McAlpine returned healthy profits, boasted happy employees, valued customers and a full order book and yet were swallowed up by Carillion who had none of the above. And this was all because Carillion convinced the clueless stock market investors that the merger made perfect sense and that “synergy savings” would increase dividends to shareholders. We now have the likes of Balfour Beatty saying they are putting margin above turnover, but do they really mean it, and will they stick to the plan when their share price starts to dip? Kier have increased their turnover and along with it doubled their debt and reduced their margin. It won’t be long before, like Carillion, Kier’s biggest profit centre will be the CITB grant and levy scheme. Interserve lost a staggering £244m, and Laing O Rourke, who would have followed Carillion by now if not privately owned, have done really well only losing £66m this year down from £245m last time out. And many of the household names will be caught up in the Crossrail bun fight as the client gets tough after acceleration costs failed to deliver the scheme on time. The big boys, the fund managers who invest in them, and those who are paid to write about them like to overcomplicate matters hiding what is blatantly obvious behind overly complicated valuation mechanisms and jargon. And maybe that’s the nub of the problem, large construction projects used to generate positive cashflow but a low margin at final account. Back in those days when they were owned by those who needed cash, this suited just fine. However, it doesn’t now suit stock market algorithms which generate an insatiable hunger for growth. And regardless, modern contracts do not generate the same positive cashflow as they used to and FM contracts suck it up. The cold, hard facts are that these firms are too big to manage; their multi-millionaire execs are captains of rudderless ships, they have diversified beyond their core markets, bought up failing competitors to sing to the stock market tune and it won’t be long before more of them are holed below the waterline. Carillion is just the latest big name to disappear, the big names 20 years ago included Amec, McAlpine, John Laing, Birse, and Mowlem. The question I would like to ask is – how long does this carry on before the majors lose their influence and grip, and we can move on and reform?

A majority of the celebrities globally have had a very tough past, be it in the field of acting, music or sports. Oprah Winfrey profoundly says “Turn your wounds into wisdom”, this quote stands perfectly true in the lives of a number of celebrities who are extremely popular today. Here is a list of celebrities who have strived extremely hard to make their place in the world today. Arnold Schwarzenegger Popular for his role in the movie Terminator, Arnold Schwarzenegger was laying bricks while he was trying to become a renown bodybuilder. Along with his close friend, Arnold started his own construction business in the year 1968 which was known as ‘Speciality European Bricklayers’. Although Arnold failed to keep up with his goal, he was successful in making his place in the Hollywood industry with his great acting skills. Ozzy Osbourne Ozzy Osbourne is an English singer, songwriter and an actor. He became popular in the 1970s and appeared in numerous reality television shows like The Osbournes, with his wife Sharon and two of his children Kelly and Jack. After leaving school at the age of 15, Ozzy did numerous jobs such as a car factory horn-tuner, apprentice toolmaker, trainee plumber and construction site labourer. Whoopi Goldberg An American actress, comedienne, author, and a television host, Whoopi Goldberg also worked as a bricklayer in an construction industry. She was invited to join the bricklayer’s union because of her exceptional quality of work. Whoopi also helped to build the wall around San Diego Zoo. Sean Connery Having perfectly played the role of James Bond in different movies, Sean Connery was a labourer who was laying bricks and also polishing the coffins. It was solely due to his hard work and determination that he was successful in becoming one of the famous actors in the Hollywood industry. This is what happens when luck stands with you! When they turned out to be celebrities, yours could be some real money if luck favours. Try playing at Sparkle Slots casino and check your luck online in winning some amazing! Joe Manganiello Joe Manganiello is well-known for his different acting roles. He became quite famous by playing the role of Alcide Herveaux in the movie True Blood. Before his career in acting, Joe was shovelling sand and gravel in order to meet his daily expenditure. This phase undoubtedly paid off as this phase helped him to keep his physique fit and healthy.   Noel Gallagher Noel Gallagher is a famous British singer, songwriter and a guitarist. Before entering the industry, it was Noel’s older brother who got him a job at Kennedy’s Civil Engineering on building sites in Manchester. It was during this period that Noel composed songs which later led him to become a popular musician. Ian Wright A former England footballer and Arsenal legend, Ian Wright had a very tough start. After leaving school at the age of 16, Ian was trained as a bricklayer and plasterer. On being asked as to what he would have become if not a footballer, he replied that he must become successful in the construction industry because of his excellent work ethics and put his heart and soul to earn his living.   Winston Churchill once said, “Success is walking from failure to failure with no loss of enthusiasm”. These celebrities kept up to what they believed in, struggled hard and did reach their goals.