Who would invest in the contracting sector?

I published this brief post on LinkedIn in February 2017 as a conversation starter. And, boy, did it ever start a conversation!

A contractor goes to see his Bank Manager for a loan.

He says:

"This is the proposition. I have recently been successful in securing a five year zero value framework with no guarantee of any work.

It is an all risks contract, which will return me a 2% margin if everything goes exactly to plan, and my client is looking for year on year efficiency savings of 5%.

If I make any gain share, the client wants half of it, and the amount is capped in any case".

Anyone want to guess the likely response?