smallspy
Senior Member
I have great confidence that bidders know how to write contracts so tightly that any public opposition can be ignored. The bidders won't want to be involved in, responsible for, or guided by any public debate. They will just get on with it as they see fit.
ML/IO may be incompetent, but on top of that they like things loose. Having the excuse "It wasn't our decision, under the terms of the P3 the contractor makes that decision" firewalls them from any accountability or transparency.
This is no way to design, build, operate, maintain or finance public infrastructure.
- Paul
I'm not so confident in IO.
A friend of mine in the insurance industry has been dealing a lot with IO of late, and a lot of the potential tenderers are giving them a lot of pushback on some of the terms that they've been trying to include of late. And it's not just the transit projects either - it seems to be almost everything. They have been trying to push more and more risk on industry, and the insurance companies are happy to provide the security on the risk - but that comes at a price. And that price is becoming the sticking point as it becomes a bigger and bigger fraction of the overall project price.
Dan
Last edited: