Builders sought $300m in extra profit on blown-out Metro Tunnel costs

also allege the Cross Yarra Partnership Consortium tried to charge taxpayers $100 million for company overheads, including bid costs and consultants fees, despite some of the items already being paid for by the project.The consortium – made up of Lendlease, John Holland, Bouygues Construction, John Laing and Capella Capital – warned the project would cost $3.

While forecasting major cost blowouts, the consortium proposed to charge the government $111 million for company overheads, including $41 million in bid costs, $38 million for consultants – including flights – and $6 million in payroll account fees, which RPV said should be covered by the builders. "In such a significant cost overrun position , the state does not find it appropriate that any party make a margin on cost overruns where the underlying arrangement was for a fixed price.

At the time, the Andrews government was rejecting the bulk of CYP's claims, disregarding the projected cost overruns as "overly conservative" and the delays as "overstated" the confidential documents revealedBut the government ultimately bowed to pressure in June this year, when it entered an in-principle agreement with CYP to pay more than $1 billion of the extra costs.

“This approach was inefficient and limited the level of analysis that RPV and its advisors could perform," RPV said in its review.

Source: News Formal (newsformal.com)

This JV couldn’t organize a meat raffle. So incompetent and mismanaged. Give them nothing extra, they build on the price they won the tender. If they can’t, it’s THEIR problem. It’s a shitshow, believe me, I know.

Meh, it’s only a billion dollars wasted. 😡

Why aren't these builders being charged for these alleged offences, tax payers have had enough of Dan Andrews gifting our money away. MartinPakulaMP MartinFoleyMP DanielAndrewsMP JacintaAllanMP abc730 ACurrentAffair9 leighsales 7NewsMelbourne 9NewsMelb 10NewsFirstMelb

This Bloody Vic ALP Government .... so hopeless

And the CFMEU said, “Well if they’re getting $300 million extra then so we want $300 million too, and of course that means we need a further $300 million for our political mates too.”

It is disgusting how everybody ripping off taxpayers and nobody is doing anything to stop that. Question is what sort of politicians we have, they fight to stay in power for their own interest not interest of Australian people.

Shock horror

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