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Sony Pictures 2011

The struggling outsourcer Interserve finally called in the administrators. Unlike Carillion, the demise of the firm has been orderly and public contracts have been protected whilst the firm's lenders arrange for a sale of the firm.

The failure has raised a question about public contracting and whether it is meeting the needs of citizens. Since the demise of Carillion it has been common to hear people ask, "how do you fix public contracting?"

It is important to gain some perspective at this ...

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