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Old November 25th 11, 07:11 PM posted to uk.railway,uk.transport.london
Pat O'Neill Pat O'Neill is offline
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First recorded activity at LondonBanter: Feb 2009
Posts: 35
Default Crossrail construction contracts let at low prices


"D1039" wrote in message
...
On Nov 24, 9:05 pm, Bruce wrote:
Posted without comment:

Contractors reveal cut price deals for latest Crossrail contract
awards

24 November, 2011

Crossrail’s Farringdon and Whitechapel main station contracts will be
delivered for less than half the anticipated £625M price, it has
emerged today.

The two winning consortiums will deliver the stations for a combined
£310M.

BBMV, a joint venture of Balfour Beatty, Morgan Sindall and Vinci
Construction, will build Whitechapel station for £110M. It was
originally expected to cost up to £250M.

A three-way joint venture of Kier, Bam Nuttall and Ferrovial will
build Farringdon station for a “£200Mplus” contract on the Crossrail
scheme for major works at Farringdon station, a statement from the JV
said. It was originally expected to cost up to £375M.


I believe the original estimates will have included an "optimism bias"
mark up

Patrick

Putting the pips back in.