5 ms·
I wonder if the accuracy of estimates would improve if the clients let it be known that if the accumulated cost ever exceeded twice the initial estimate (or som
by johan_larson 11y ago
I wonder if the accuracy of estimates would improve if the clients let it be known that if the accumulated cost ever exceeded twice the initial estimate (or some similar multiple), the whole project team running the show would be replaced, and the project potentially scrapped.
It would be hard to stick to such a pledge, of course.
- triggercut 11y agoI don't know enough about US government bidding processes to be certain but sometimes your Front End Engineering Design (FEED) may be done my another consultant. Once FEED is over Detail Design and Construction contracts will be up for tender and could be won by someone else.