sadsacsac

sadsacsac t1_jdw6wrg wrote

Why Construction Projects Always Go Over Budget
https://youtu.be/dOe_6vuaR_s

TLDW:

  • It's complicated
  • Management always wants an easy round number to work with and engineers might throw out a number with caveats but the caveats fall on deaf ears
  • Sometimes a rough number is used at the requirements gathering stage that isn't meant to be the final number, but that number gets leaked to the press, and now every cost analysis is framed around that number
  • Construction projects are complex. You can do your best to analyze all facets like ground conditions, but you can never get the entire picture and so the chances of running into on-the-ground issues are fairly high
  • Scammers exists at all stages, eg. some man-in-the-middle might have swapped out your supplies with shoddier quality. Of course you can always test all of the supplies/equipment you receive, but that comes with added cost and time.
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