Quote:
Originally Posted by officedweller
I'm assuming that the Contractor will be required to take the tunnelling risk (like for Evergreen) - so they would pad their bid to account for the risk of gaps in information.
I suppose the bid could be lower if the Contracor does not take the tunnelling risk, but I can't really see the Province agreeing to that, especially if there's a lot of information, and if other bidders are willing to accept the tunnelling risk.
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Sure they will take on some risk, but the final deal will have a bunch of clauses and hundreds of pages of fine print that will end up with Translink or the Province accepting certain risk factors. But the bid will be a hundred million cheaper and impossible not to accept.
Nothing is as simple as "bidder accepts all risk for tunneling".
Case in point with Evergreen: has the public ever seen the financial details of this deal? Any delay will cost money on all sides, as the project teams have to be paid, and any temporary workarounds in place will have to get extended. None of that is free.
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