Sunday, June 11, 2006
 
Cost Overruns Unexpected, Again
Capital projects might cost more than expected:
    The county's capital improvement projects, including the building of a new juvenile detention center and administration building, may cost more than county officials anticipated.

    Although county commissioners hoped to complete the projects for less than $8 million, that objective looks grim. Executives at the Paric Corporation, the firm hired to manage construction, anticipate the cost of projects may exceed $10 million.
Isn't it funny how the only people who tend to be caught off-guard by these unexpected cost overruns are the government officials in charge of authorizing the initial outlays? I mean, we taxpayers come to expect it and the companies who end up receiving the extra money no doubt count on it.


- posted by Brian J. @ 10:36 AM
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