Sector: CUSTODIAL

MMC Strategy | Ministry of Justice

With a presumption in favour of offsite and future portfolio of £3bn over next 5 years,  Akerlof supported the MoJ  to develop their MMC strategy.

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What’s with this Lemon?

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Our name is shared with George Akerlof, a Nobel Prize-winning economist.

His seminal paper, Market for Lemons, demonstrated the devastating consequences of making decisions under the conditions of quality uncertainty and unequal information between buyers and sellers, increasing the chance of buyers ending up with a ‘lemon’.

This 50-year-old concept continues to retain parallels within the construction industry.

Through our insight and experience, we can rebalance this information asymmetry on behalf of our clients, levelling the playing field to deliver better outcomes.