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Yes no doubt there was a stuff up but I wouldnt say its 100% engineers fault. They are contracted/paid to come up with a design that meets the budget of the project. Engineering Dept can show several designs at different costs and risks associated but at the end whoever approved and accepted the risk is at fault.

We dont know.. perhaps at the start of the project they believed the budget was enough to cover. Once you start doing the final design/costing, thats where it adds up and could have blown over budget. With investors promised a return & capital locked, cost would have been cut to squeeze within budget. Most likely the order was given to cut costs, changes were rushed, materials swapped, support beams deleted etc to deliver something which falls close to budget.

If the project manager was guaranteed that it wouldnt fail then I would agree that the Engineering/design team was negligent. If there was a risk, thats where management decide to ask for money or accept the risk...

In the end, its nothing new. Many large ferris wheels built around the world. We know it can be built & material composition, structure & loading isnt complex,

The buck stops with how much money they are willing to spend on building one and whoever thought they can build a ferris wheel for that amount of money in Australia.

Also well aware of IRR, NPV etc when it comes down to capital investment & approval.

Discussion was not tailored towards Chartered Accountants :cheers:

S'all good Pat. Just some friendly banter. At the end of the day we can only speculate. :cheers:

and My ki,

Some manager made the call that we can make a system cheaper than just buying one made.

However after the final details came through, thats where the same manager realised he greatly underquoted.

Nothing to do with Engineering in my opinion. Purely money saving driven, instead of opting for a longer payback period with an existing overseas system.

Don't even bring Gov't Funded stuff into discussion on private enterprise.

They are two ends of the field.

Myki was NOT done with money saving in mind.

Add to the fact Keane/Kamco is American owned... Yet the other tender was MTR...

I mean MTR have the current fking contract! Why would they give it to Kamco to do the ticketing system when MTR have a tried and proven system.

Gov't projects are always under quoted on purpose to snap the contract and then bump costs during it.

However before myki even went live it was something in the order of 60% OVER BUDGET... Since it's gone live, fck knows, it's probably closer to 100% blowout.

It's just absurd bureaucracy at it's best. Do not confuse this for one second with private enterprise. There is nowhere near the abuse that Gov't stuff endures. I mean they even had to go to a probity audit on the tender FFS.

Yes they "ruled" it was fair, but who knows what was really going on.

Yes cause we've all heard of that obscure artist before.

Edit: have one of his songs tagged in Shazam, dammit.

i highly doubt anyone with regular play on nova could be considered obscure ;)

Dubstep is also terrible

this

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