PFI you mean? I was being facetious about it's design ...

Nonetheless all too many PFI schemes need to be bailed out by the government because the contractor cannot actually do the job for what they bid (or they need to satisy greedy shareholders or they just want to squeeze as much money out of the taxpayer as possible) - see the Maperley/IR offices swind - er - contract. When supporting public services they have the government over a barrel as they either pay up or the public service ceases to exist. Much hoohah was made about the private sector taking on the financial risk but in reality, of course, the tax payer still shoulders the risk - and often at greater expense and lesser service than the public sector.

I'll ignore, for now, what happens to, say, new hospitals when the current contracts run out in 25-30 years time and the then owners (indeterminate since it may have been sold on many times by then) don't want a hospital there any more.

Posted By: BerlinCanary on September 29th 2006 at 14:16:31

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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