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, Sep 29, 12:43:05