It was reported today that a massive mass transit project in our neighborhood is over one year behind schedule and 10% over budget. And this is less than 9 months after the project started.
The consortium of construction companies that are involved are the same ones that nearly bankrupt the transit system a few years ago with massive overruns in cost and time on another project. Yet they were hired again. Why?
Politics and greed. Pure and simple.
The companies make big political contributions. They take the politicians and the bureaucrats on lavish trips. They dramatically underbid the project to get the award. And you know they have a timetable for when they will announce the predetermined overruns that will eventually get them to where the bid should have been in the first place (but they never would have gotten the job with an honest bid).
This happens everywhere and we just roll our eyes and let it slide.
Wake up people!