Wednesday, November 14, 2007

Atlas Shrugs

Who'd have thunk it ?
Building contractors are refusing to put in bids for venues at the Olympic Park because the projects carry too much risk and too little profit, The Times has learnt....

The Olympic Delivery Authority (ODA) had expected thousands of companies to show interest in contracts. But the construction industry is thriving and the biggest companies are concerned about the risks to their reputations and the bureaucracy involved. They have been put off by prominent troubled projects such as the Wembley and Cardiff stadiums, which were built well over budget at the contractors’ expense.

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