"Recliner" wrote in message
...
On Wed, 12 Oct 2016 12:53:59 +0100, "tim..."
wrote:


"Recliner" wrote in message
. ..
On Wed, 12 Oct 2016 11:32:24 +0100, "tim..."
wrote:


"Offramp" wrote in message
...
On Tuesday, 11 October 2016 17:03:14 UTC+1, Recliner wrote:
Offramp wrote:
It looks like the garden bridge is going to wither and die. That
£45,000,000 worth of prime compost will have to be sent to the EU.

More on the Garden Bridge. It seems Cameron was the ultimate backer:
http://www.bbc.co.uk/news/uk-england-london-37616161

An opponent of the Garden Bridge said how the amount of money spent on
it
so far is the equivalent of TWO Millennium (Wobbly) bridges!

I note that the current argument is about the 15 million costs for
cancellation if we don't go ahead.

Who was this moron who signed contracts for (presumably) construction
before
the bridge had the go ahead?

Presumably the architects, engineers, designers, gardening experts,
surveyors, accountants, lawyers, PR agents, etc have charged their
normal fees for the work done so far.

work done so far isn't cancellation costs

Lots of costs are incurred on
prospective projects before they get the final go-ahead.

These aren't cancellations costs

They are costs that will have to be written off if the bridge is
cancelled.

Obviously, but they are sunk costs

It was clear from the item on NN that the government dept in question are
seeing these differently (one of the arguments for agreeing to increase
their exposure to cancellations costs was the size of the already sunk costs
that would be put at risk)

tim