EnviroTO
Senior Member
He isn't talking about concealing the costs. He is talking about concealing the estimates prior to the tendering process which in the end reveals the true cost. You can't embezzle an estimate. The Spadina-York extension full project estimate could be public because the estimate for individual tenders for each station, tunnel contract, etc could not be reverse engineered by knowing the full project cost, and as soon as each contract has completed the tendering process the estimate and all the bids tendered would be known. It is bad bartering to let the person you are buying from know how much you are willing to spend before he makes an offer. The fact that there is a competition between bidders eliminates some of the disadvantage of tipping your hand early but perhaps better deals could be had if this information was not revealed early.