Crossrail construction contracts let at low prices
 

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.

Crossrail construction contracts let at low prices
 

"Bruce" wrote in message
...
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.

Squeezing until pips pop out.

Crossrail construction contracts let at low prices
 

On Thu, 24 Nov 2011 21:14:36 +0000, Pat O'Neill wrote:

"Bruce" wrote in message

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.

Squeezing until pips pop out.

Look at it this way: it'll leave so much more credit on Tony's card that
can be spent on transport projects in Scotland.

The Teuchters will get their new ferry yet, just see!

--
Speaking only for myself

Crossrail construction contracts let at low prices
 

On Nov 24, 9:14*pm, "Pat O'Neill" wrote:
"Bruce" wrote in message

...



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.

Squeezing until pips pop out.- Hide quoted text -

- Show quoted text -

I wouldn't like to be the resident engineer on those jobs as the
contractor pulls out all the stops to make up the lost cash.

George

Crossrail construction contracts let at low prices
 

On 24/11/11 21:05, Bruce wrote:
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.

I wonder if all the Crossrail planning has been to the same high standard.

Ian

Crossrail construction contracts let at low prices
 

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

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.

Crossrail construction contracts let at low prices
 

D1039 wrote:
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


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.

I gather from someone I know at Crossrail that the overall estimated
cost for the project has now dropped by around **£2 billion** from the
original estimates. I think that means we are now looking at an
outturn cost of around £14.7 billion at 2009 prices.

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

Crossrail construction contracts let at low prices
 

"Bruce" wrote in message
...

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.

I gather from someone I know at Crossrail that the overall estimated
cost for the project has now dropped by around **£2 billion** from the
original estimates. I think that means we are now looking at an
outturn cost of around £14.7 billion at 2009 prices.

Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Regards

Jonathan

Crossrail construction contracts let at low prices
 

On Nov 25, 9:42*pm, "Jonathan Morton"
wrote:


Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Regards

Jonathan

Yes, also land values are lower if you need to buy it for the
project.

Patrick

Crossrail construction contracts let at low prices
 

Crossrail construction contracts let at low prices
 

D1039 wrote:

On Nov 25, 9:42*pm, "Jonathan Morton"
wrote:


Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Regards

Jonathan

Yes, also land values are lower if you need to buy it for the
project.


Already purchased, unfortunately. So no savings there.

Crossrail construction contracts let at low prices
 

On Nov 25, 9:42*pm, "Jonathan Morton"
wrote:
"Bruce" wrote in message

...



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.

I gather from someone I know at Crossrail that the overall estimated
cost for the project has now dropped by around **£2 billion** from the
original estimates. *I think that means we are now looking at an
outturn cost of around £14.7 billion at 2009 prices.

Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Yes, but to do this well, government needs to be frugal during the
good years.

Crossrail construction contracts let at low prices
 

"77002" wrote in message
...

I gather from someone I know at Crossrail that the overall estimated
cost for the project has now dropped by around **£2 billion** from the
original estimates. I think that means we are now looking at an
outturn cost of around £14.7 billion at 2009 prices.

Isn't that traditionally one of the arguments for a programme of public
works in recessionary times - that you can get good value for money?

Yes, but to do this well, government needs to be frugal during the
good years.

Ah, I'm on the verge of spotting the flaw...

Crossrail construction contracts let at low prices
 

The Teuchters will get their new ferry yet, just see!

--
Didn't realise they were in the market for one.

What they are in the market for is a major electrification project
over the next 5 years, with another one behind that.

Funded from the pittances that they get from the UK government.

They are also building a new Forth Crossing bridge too.

Compared to CrossRail the guys in Edinburgh are getting on with the
job. Not just talking about it 10 years later.

Crossrail construction contracts let at low prices
 

"Big Jack" wrote in message
...

Compared to CrossRail the guys in Edinburgh are getting on with the
job. Not just talking about it 10 years later.

Are you suggesting Crossrail has not yet started?

Paul S

Crossrail construction contracts let at low prices
 

On 27/11/2011 12:52, Paul Scott wrote:
"Big Jack" wrote in message
...

Compared to CrossRail the guys in Edinburgh are getting on with the
job. Not just talking about it 10 years later.

Are you suggesting Crossrail has not yet started?


How's the Edinburgh tram coming on?

--
Graeme Wall
This account not read, substitute trains for rail.
Railway Miscellany at www.greywall.demon.co.uk/rail

Crossrail construction contracts let at low prices
 

In message , at 12:52:59 on
Sun, 27 Nov 2011, Paul Scott remarked:

Compared to CrossRail the guys in Edinburgh are getting on with the
job. Not just talking about it 10 years later.

Are you suggesting Crossrail has not yet started?

There are some big holes in the ground near Tottenham Ct Road. Maybe
it's someone building a new facility for the S******* R******, and not
what it seems at all? They do say that hiding things in plain sight is
often a useful strategy.
--
Roland Perry

Crossrail construction contracts let at low prices
 

"Roland Perry" wrote in message

In message , at 12:52:59 on
Sun, 27 Nov 2011, Paul Scott
remarked:
Compared to CrossRail the guys in Edinburgh are getting on with the
job. Not just talking about it 10 years later.

Are you suggesting Crossrail has not yet started?

There are some big holes in the ground near Tottenham Ct Road. Maybe
it's someone building a new facility for the S******* R******, and not
what it seems at all? They do say that hiding things in plain sight is
often a useful strategy.

Work is also underway at the portals, and Farringdon has become a rather
large buiilding site. I know that some of these projects are also to do
with related projects to enlarge ticket halls, etc, but those probably
wouldn't have started without Crossrail.

Crossrail construction contracts let at low prices
 

On Nov 27, 12:52*pm, "Paul Scott"
wrote:
"Big Jack" wrote in message

Are you suggesting Crossrail has not yet started?

No what I am suggesting is that it has taken too long to deliver.

CrossRail was planned before the change into the current cetury. We
are now in year 11, going on 12.

Crossrail construction contracts let at low prices
 

On Nov 27, 1:18*pm, Graeme Wall wrote:
On 27/11/2011 12:52, Paul Scott wrote:

"Big Jack" wrote in message
...
How's the Edinburgh tram coming on?

Last time I checked it's now coming along, very late in the
construction and well over budget.

Just goes to show that you should never trust the estimates of a City
of Edinburgh Labour Council.

There was programme shown on the BBC parliament channel last week on
the tram, probably still on I Player. It started out to cost £375 and
is currently expected to finally cost £1Bn, for only half the original
estimated.amount of tram line.

The current Scottsih Government threatened to withhold their subsidy
of the project and only recently got an agreement with the City.

The shortened version of which is the City of Edinburgh had to get the
extra cash from the Banks and repay it over a 30 years loan. This will
be financed from the ratepayers of the City.No addition Scottish or UK
government money is being offered.

Another condition is that the City Council Project company TIE is
disbananded and the project control transferred to Transport Scotland.
The Scottish Government equivelent of the DfT. Otherwise all deals are
off.

Crossrail construction contracts let at low prices
 

On Nov 28, 8:59*pm, Big Jack wrote:

On Nov 27, 12:52*pm, "Paul Scott"
wrote: "Big Jack" wrote in message

Are you suggesting Crossrail has not yet started?

No what I am suggesting is that it has taken too long to deliver.

CrossRail was planned before the change into the current cetury. We
are now in year 11, going on 12.

It was only really given the go ahead in 2008, and then in 2010 there
was a wait whilst the new government decided whether they wanted to
continue with it or not.

But if you want to start looking back, I'd suggest one could at least
go back as far as the early 90's iteration of the project.

Crossrail construction contracts let at low prices
 

On 28/11/2011 21:25, Mizter T wrote:

On Nov 28, 8:59 pm, Big wrote:

On Nov 27, 12:52 pm, "Paul
wrote: "Big wrote in message

Are you suggesting Crossrail has not yet started?

No what I am suggesting is that it has taken too long to deliver.

CrossRail was planned before the change into the current cetury. We
are now in year 11, going on 12.

It was only really given the go ahead in 2008, and then in 2010 there
was a wait whilst the new government decided whether they wanted to
continue with it or not.

But if you want to start looking back, I'd suggest one could at least
go back as far as the early 90's iteration of the project.

It is in the 1972 London Rail Study.

--
Graeme Wall
This account not read, substitute trains for rail.
Railway Miscellany at www.greywall.demon.co.uk/rail

Crossrail construction contracts let at low prices
 

On 2011\11\28 21:25, Mizter T wrote:

On Nov 28, 8:59 pm, Big wrote:

On Nov 27, 12:52 pm, "Paul
wrote: "Big wrote in message

Are you suggesting Crossrail has not yet started?

No what I am suggesting is that it has taken too long to deliver.

CrossRail was planned before the change into the current cetury. We
are now in year 11, going on 12.

It was only really given the go ahead in 2008, and then in 2010 there
was a wait whilst the new government decided whether they wanted to
continue with it or not.

But if you want to start looking back, I'd suggest one could at least
go back as far as the early 90's iteration of the project.

I thought it was originally suggested along with the Victoria Line in
the 1940s.

Crossrail construction contracts let at low prices
 

On Nov 28, 10:15*pm, Basil Jet wrote:

On 2011\11\28 21:25, Mizter T wrote:

On Nov 28, 8:59 pm, Big *wrote:
[...]
No what I am suggesting is that it has taken too long to deliver.

CrossRail was planned before the change into the current cetury. We
are now in year 11, going on 12.

It was only really given the go ahead in 2008, and then in 2010 there
was a wait whilst the new government decided whether they wanted to
continue with it or not.

But if you want to start looking back, I'd suggest one could at least
go back as far as the early 90's iteration of the project.

I thought it was originally suggested along with the Victoria Line in
the 1940s.

Hence why "one could at least go back as far as the early 90's", the
intentional implication being that one could go back significantly
further too. The early 90's iteration was perhaps the one closest to
actually happening.