Runway Extension Costs Soar By £3million

[Theodolite]

Would you believe it?

 

Well, yes actually.

 

IoM Today news here

 

Right, I'll be the first to say it:

 

Final cost - £100million at least

 

That way if it "only" doubles in cost the Government cab remain smug and self congratulatory and teflon coated as ever.

 

With big smirks and puffed up egos and have some more dinners.

[Cret]

And big cigars too I expect.

[Pat Ayres]

Until one of the barges 'accidently' bumps into Queens pier and demolishes it. Also it runs aground and sinks costing another 20m

[TerryMcCann]

I've always said tow the pier down south and use it as the runway extension.

 

Two birds, one stone and all that

[triskelion]

If they were left in the lurch by the barge company, could they not pursue legal action?

[Theodolite]

What you mean like they could have claimed back off the consultant for the cock-up on the IRIS pumping station or teh fiasco with the MEA...

 

When it comes to huge sums like that all it takes is a little ego massaging over a lunch.

 

Let's 'Draw a line under it'

 

'move on' shall we.

[feelslikeitshould]

If they were left in the lurch by the barge company, could they not pursue legal action?

 

I wouldn't have said so, no. This is all happening pre-tender, there's no contract in place and no indication of there being one as there is no funding. Whoever has priced the job has based it on the stone being shipped this year, they were wrong.

[Skeddan]

If they were left in the lurch by the barge company, could they not pursue legal action?

Depends on the contract.

 

Given speculations as to budget overruns, be interesting to know the type of contract for the total job. If a 'fixed price' with one outfit with penalties for late completion, and backed by solid outfit and good contract, then unless spec changes it shouldn't run over budget. If not, then usually it is because this is cheaper than a fixed price. In that case it would be interesting to know what the fixed price contract would be on this. If e.g. if £40m currently with fixed price at £70m rather than £55m, then perhaps it could escalate to £100m.

 

In feature films they have 'completion guarantors' - They guarantee is that a film being made will be delivered on time to spec and on budget as agreed with the guarantor. The cost is about 3% of the total budget. They have someone to oversee the production and take over if it goes off the rails. They also pay out 100% (plus interest) if it has to be abandoned, and pick up any budget overruns. Apart from anything it gives a reality check on projects and budgets. What an engineering equivalent to one of those would make of this would also be interesting. (and be worth 3% extra for a guarantee even if it was sound and realistic).