Quote:
Originally Posted by Northendzone
it was my understanding that the security bill for the G7 in quebec city was something like $700 million for a two day event.
i beleive that the experts now feel like they can provide security for the games for less than that. to me that seems almost impossible, as the games cover a longer period of time, and likely more people.
so your security costs go from $350 milion per day to something like $35 million ($500 mill/14 days) or so per day. That is amazing. they must really figure some great technology is coming online.
part of me would really like to vote yes, but then it seems something laughable happens - like whistler apparently not being contacted and it causes me to wonder how they can pull this off successfully.
is it just me - but with the flames attempt to build a massive complex, the mess with the green-line (half the promised route for the price of the full route) and this bid, it makes me wonder if there are not enough of the right people in the mix at the start of these projects, or if the numbers are driven by politicians who want to see smaller price tags.
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I don't think that this is an issue. This was typical design development. the most expensive option was taken to go under downtown and the river. This was not included in original estimates. Pre-Sanction estimates are at best +30% on the defined scope. So between planned error in estimate and the changes in scope to the project it fell within estimating norms in both public and private industry.
The Flames also haven't really attempted to build a massive complex. They are in a protracted project to extract money from the city. To expect that this process will be following normal Major project practices doesn't really make sense as the goal isn't to build a project on budget, its to extract as much from the city as they can. Look at the library project and really the entire east village development as the city taking on a massive high risk project and in working out as intended in terms of cost and outcomes.
The city is good at executing major projects. So the Olympic bid at this stage is +/- 30% with 20% contingency. Security is a big risk that we need more info on that I agree is a red flag until we understand who is paying cost overruns. The rest of the Op Cost of the games seems pretty reasonable relative to Vancouver. So I think if the security issues can be resolved with the feds covering overruns its reasonable to assume that the Olympic bid will come in within 10% of estimate provided the Scope does not change.