News for hackers. Stuff that matters.
Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by Gpetrium on Wednesday May 01, 2019 @01:21PM (#19799416)
To be fair, a company doesn't need to be doing a scam to fall outside the expected budget. There are many causes for budget fluctuation, for example: Inflation rates, wage changes, cost of materials, disruptions, operational errors, overtime, change requests, etc. Besides, it may not necessarily be a scam in some cases since all parties expect the cost to increase, it becomes a matter of how much of variance is acceptable to stakeholders.

Another problem in public policy is that a lot of major infrastructure/work would never be implemented if the public knew the end price tag at the start.

Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by rhizome on Friday May 03, 2019 @04:44PM (#19822097)
The politics of project cost are immaterial and only assuage egos. The fact appears to be that lowest-cost bidding invites this course of events. Contractors simply lie to get the gig.