Bend Over

And get ready for it.

Wates and Kier, two of the biggest construction companies in the country, have decided not to bid for any of the contracts. Meanwhile, the Olympic stadium and the aquatic centre have attracted just one bid each.

The Olympic Delivery Authority (ODA) had expected thousands of companies to show interest in contracts. But the construction industry is thriving and the biggest companies are concerned about the risks to their reputations and the bureaucracy involved. They have been put off by prominent troubled projects such as the Wembley and Cardiff stadiums, which were built well over budget at the contractors’ expense.

….

Tough employment conditions built into contracts — including direct labour, local labour and stringent health and safety regulations — are also forcing up prices.

The ODA will release figures today showing that all but 23 of the 1,715 workers now on site are being paid the London Living Wage or more, and 50 per cent of workers live in the capital, with one in five from local boroughs.

Yup, it\’s going to cost even more than they\’ve already admitted.

4 comments on “Bend Over

  1. Not just that, even – the grit in the Vaseline will be, I suspect, exemption to cost overrun, so the contractor’s “bid” will become a pretense, a fraud.

    The design of the main stadium is amateurish, btw. Who on EARTH will buy a postcard of that useless, bland, quasi-modernistic lump?

  2. “Tough employment conditions built into contracts — including direct labour, local labour and stringent health and safety regulations — are also forcing up prices.”

    What are they referring to when they talk about conditions for local labour? It sounds as though it means that contractors have to get a certain proportion of their workforce from the local area but I wouldn’t have thought that it would be legal to discriminate in that way.

    I do sympathise with the locals though seeing as their area is about to be turned into an economic wasteland and it is unsurprising that there is a shortage of jobs in the area.

  3. Appropriately enough, this article found itself on the sports pages. I suppose we can look for the next Tesco profits forecast in the cooking supplement. Nothing to do with The Times, like every other newspaper & broadcaster in the country, backing the bid for the 2012 Olympics , of course.

Leave a Reply

Name and email are required. Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.