.@MTA says ESA cost overruns stem from time lost, risk assessment, higher than expected bids, etc. jumped from $4b & '09 to $10.7b & '21-'23
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@MarketUrbanism@ydanis what's relationship between escalating labor costs & overall construction costs?
@JuliaManhattan @MarketUrbanism MTA did not include this as one of the reasons they were over budget.
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@ydanis@JuliaManhattan Funny, cuz it's one of the few (seemingly) legitimate explanations that Michael Horodniceanu gave meThanks. Twitter will use this to make your timeline better. UndoUndo
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@ydanis@JuliaManhattan Not for overruns (which, as I said, aren't the biggest issue), but for the high base costs to begin with.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ydanis@JuliaManhattan Even efficient builders (Spain, Germany) have overruns. It's the base costs that are most troubling.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ydanis@JuliaManhattan A 100% overrun on a $100m/km base cost isn't as bad as a 20% overrun on a $1bn/km base cost. -
@MarketUrbanism and where do you find the greatest problems to be and how can they be circumvented? - Show replies
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@ydanis@MarketUrbanism my point--it's not that they don't know btwThanks. Twitter will use this to make your timeline better. UndoUndo
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