Yeah.....

I reckon they just took a guess on it.

Don't be a berk. There's no way they didn't fully analyse the bids.

There's always risk on any project. What you do is analyse the risk against the potential upside.

With Multiplex, the upside was a lower bid. The risk was failure to deliver on time. But what was the risk of that happening with another bidder? And what were the costs against it?

Posted By: InTheAbsenceOfAHorse on September 29th 2006 at 12:43:05

Message Thread

Certainties in life: death, taxes and ... (Other Football) - BerlinCanary, Sep 29, 12:12:27
- i said on here, (Other Football) - NCFC4life, Sep 29, 12:18:35
  - Shouldn't have built the national stadium in London - crazy building price (n/m) (Other Football) - Commisar_Canary, Sep 29, 12:20:39
    - the problem was they should never have let multiplex run the project, (Other Football) - NCFC4life, Sep 29, 12:24:31
      - Alawys a problem with low bid mentality. Means they have to cut corners all the time (Other Football) - Army Boy, Sep 29, 12:36:14
        
        Yeah..... (Other Football) - InTheAbsenceOfAHorse, Sep 29, 12:43:05
        
        precisely where it went wrong (n/m) (Other Football) - NCFC4life, Sep 29, 12:38:38
      - Well, Multiplex put in the bid, however stupidly low. Tough shit, let them carry the can. (Other Football) - BerlinCanary, Sep 29, 12:31:56
        
        Almost all of these large construction contracts end in court (Other Football) - Cannydc, Sep 29, 12:45:10
        
        That's what I mean by provision (Other Football) - BerlinCanary, Sep 29, 12:52:04
        
        and that is what it looks like to me too, (Other Football) - NCFC4life, Sep 29, 12:40:22
        
        That's always possible and wouldn't surprise me (Other Football) - BerlinCanary, Sep 29, 12:54:57
        
        Still, this is nowhere near as bad as many PFI contracts that don't get publicity (Other Football) - BerlinCanary, Sep 29, 12:58:24
        
        Wrong the forerunner to PFI called BOT has a good example in the M25 Dartford Crossing (n/m) (Other Football) - Commisar_Canary, Sep 30, 02:54:38
        
        No...... (Other Football) - InTheAbsenceOfAHorse, Sep 29, 13:11:25
        
        PFI you mean? I was being facetious about it's design ... (Other Football) - BerlinCanary, Sep 29, 14:16:31
      - And if they had chosen the expensive option (Other Football) - Cannydc, Sep 29, 12:31:29

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