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
--
From the heath in the North of Belgium
|