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Originally Posted by Mazrim
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.
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Quote:
Originally Posted by Resolute 14
Not to mention that revenue is not profit. The fines don't impact revenue, but they will eat profit.
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Sure, if they hit the maximum. I would be interested how much profit is here though. On $785M though $5M is a drop in the bucket. Combine that with some of the stories I've heard about this project and I can only shake my head.