"John B" wrote in message
...
On Sep 9, 10:53 pm, "tim....." wrote:
When the much hated Metronet forecast a £2bn overspend there was much
criticism here and calls by the then mayor for Metronet to go bust.
There
were calls for the super efficient Tubelines take over and do the work
for the original estimate. Where are the Metronet bashers now that
Tubelines have come in with a £1.4bn overspend.
Before anybody says well £1.4bn is less than £2bn Tubelines have 3
lines
and Metronet had 5 lines. That makes Tublines even worse than Metronet.
palp
probably because we've never seen such a report

do you have a link

OK found it now

http://www.contractjournal.com/Artic...8/tube-lines-f...

The reason is because this isn't an overspend for past work, it's a
negotiating position for future work

Yes. Also because the GBP1.4bn is what the regulator believes is the
correct adjustment given changes in the cost environment, whereas
Metronet's gap was the amount of money that it wasted above the
regulator's assessment of how much the work should have cost.

--
John Band
john at johnband dot org
www.johnband.org


How can the £2bn be money wasted above regulators assessment. It was future
spend. How can you waste future spend? Can soembody explain.

Kevin