Fire sale price.
Cherry picking the best parts.
The administrators will probably be engaging with clients and buyers.
Any buyer would be reviewing all contract commitments. Value delivered, billed vs cost to complete.
A lot of due diligence required. That or they just wait for the contracts to be awarded to others in the industry.
The likes of Downer who already have rail exposure and expertise would not be buying.
They will wait till client comes begging for someone to complete the job and go in at a cost plus arrangement.
Thats what happens generally speaking.
As too much risk to take up unfinished job and demanding client.
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