Cookridge resident
Member
I presume a contract can be agreed with a clause allowing inflation to be considered as a factor over the agreed length of the project? It doesn’t seem particularly complicated to me.If a contract is let properly, it leaves little room for contractors to increase costs once their tender has been accepted. The problem with these schemes is that they haven't even got to the tender stage. Costs are estimated but then they have a consultation, and by the time that's done, costs have increased with inflation, so they revise the scheme to save money then do another consultation after which costs have increased again.
Fact. The longer it takes to start a project, the higher the cost. I speak from experience as a project sponsor who had the responsibility for ensuring value for money and as a multi million pound contract manager.
There’s too much “convenient” flexibility written and agreed into these deals. The people calling the shots should be the public officials, not the contractors.