Railtrack Problems?
If the little man in a small business was behind with his tax return, owing say £1000, the Authority would be on his back with threats of fining him £100 per day for non payment in time. What the blazes is the Government thinking of, in allowing Railtrack to negotiate a deal ,to upgrade its services to the rail companies, leaving the cost to escalate to such an extent> If you or I engaged a contractor to do a job, we would know how much the work was going to cost and the contractor woyld expect no more. Government should FIX the cost of all Contracts after due preparation of the deal. Government Contracts are a licence to print money - for the Contractor. This question has been re-instated following an Appeal. I would appreciate comment. Thank you
Public Comments
- That's not a bad idea. It's called a flat price contract. In other words a firm will bid a price to complete a contract meeting the specifications laid out in the bid. Then it's up to them to complete it no matter what the cost overrunds might be. They also have a chance to cut the contruction costs and make a bigger profit for themselves. They tend to be more expensive as firms don't want to assume the risk.
