“What we have done is hire an international construction company to verify value for money before any deal is signed or ground broken. Let’s face it, the traditional tendering process has not worked well for Bermuda.
The Berkeley Institute, the Dame Lois Browne-Evans building, the Sylvia Richardson building, the old departure terminal at the present airport, Heritage Wharf — they all resulted in hundreds of millions of dollars of overruns. I’m giving up the tendering so that I can have a guarantee of performance, and I think that’s a good trade-off.”
These quotes belong to Finance Minister Bob Richards from this story.
It’s been overlooked in noise about the airport but if you stop to think about it, it is pretty appalling.
Basically it says that no-one within Government can be trusted to make this happen on time and on budget.
It also says that this Government cannot be trusted to deliver projects on time and on budget.
What a sad thing to have to admit, what a sad state to be in.