Quote:
Originally Posted by Acey
The combined year revenues of the 2 companies building the road is $16 billion. Even if they take the maximum penalty of $5M, they probably don't care. Penalties should have been much higher if the province was serious about getting it done on time.
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They've probably lost money on extra hours they didn't plan on doing to get this done after all the delays, and so the real costs of the delay are going to be much higher than $5 million. There are material and labour related costs to every mistake and problem they've had over the course of construction, and I can imagine there will be quite a few instances of attempting to recover some of those costs from subs and vice versa.