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Old November 25th 11, 09:37 PM posted to uk.railway,uk.transport.london
Theo Theo is offline
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First recorded activity at LondonBanter: Nov 2011
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Default Crossrail construction contracts let at low prices

Bruce wrote:



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



True, and the original cost estimates were made at a time when
construction prices were not only at a record high, but projected to
continue rising at a rapid rate.

The recession hit construction very hard and there is no sign of any
recovery. On the contrary, forward order books are at a very low
level. So prices have dropped considerably.


Is it fair to think that most building works for the Olympic Games are
finished now ?

I do hope quantities are calculated right....


Theo

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From the heath in the North of Belgium