Thursday, March 26, 2009

Commission Cost Overruns?

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3 comments:

Anonymous said...

does it make any sense in these economic times to spend any monies to investigate whether there was a cost overrun. Ok lets for argument sake say there was overspending and it is proven. What can be done?Can we go back and ondo what was done? so for the sake of the taxpayers especially now where that money can be put towards subsidies let it go.

March 26, 2009 at 8:53 AM
Anonymous said...

Cost overruns are the best way to disguise corruption.
I am always left to wonder what kind of project costing is done and what software they use that would so undercost a project to this extent.

I know that costing is not an exact science but realistic assumptions, and factoring a reasonable figure for unexpected price hikes in every possible metric is usually the way to go.

Having followed this method it eliminates the possibility of huge, unexplained cost overruns.

However, I reserve judgement for the justification for this huge capital outlay for a commission of inquiry in such a depressed economic environment.

I do believe that it is important to uncover any misappropriation of tax payers money. Where such is discovered people must be brought to account, and steps taken to avoid such irresponsible behaviour in the future.

This is a categorical imperative when it comes to good governance.

March 26, 2009 at 10:16 AM
Anonymous said...

To put the cost of the inquiry into perspective, it is about 1.25% of the cost overrun on only 1 of the projects under examination.

If this amount of money had been spent on auditing the performance of this project, it would have paid for itself 80 times over.

If the inquiry results in the avoidance of future cost overruns, it will be money well spent.

March 26, 2009 at 11:31 AM

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