FSG PR plant
- Aug 13, 2008
You can bet that if the electricians were seeing £450/day, by the time it arrived at the high level billing, it would not have been far off £1000 per day. Two layers applying a markup of around 40% gets you close.£1000 a day was a myth, i work in the same industry for a competitor of the builders Mace, however There were electricians being paid £450 a day for a 12hr day, which is about double that of what they usually can expect for a project in London. This put a massive labour strain on resources for labour in London, as every tradesman wanted to work on that stadium, was impossible to recruit for other projects.
The original budget £450m budget was banded about at least 10 years ago and construction costs have moved on massively since then ( particularly in London ) . £850m then dont forget a massive part of that increase included the NFL pitch ( which wasnt in the original budget ) is probably more realistic than the £1.2b number.
No doubt there were additional costs for delays and such like, and losses Spurs would have been looking to recover from the builder Mace for not completing on time, but its unlikely Mace agreed a fixed sum with Spurs for the construction as in projects like this it's near on impossible to mitigate the risk of such a massive scheme.
We appear to have got a very good deal on our stadium, at the right time as well, as the builder Carillion have now gone to the dogs.