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#1
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BBC News story - "Tube closures to last 'to 2010' "
http://news.bbc.co.uk/1/hi/england/london/8219254.stm TfL press release - "Mayor and TfL challenge Tube Lines to deliver" http://www.tfl.gov.uk/corporate/medi...tre/12435.aspx Tube Lines has of course already been granted extra weekend closures on the Jubbly line in order to get the work finished on time - see this TfL press release from May of this year: http://www.tfl.gov.uk/corporate/medi...ive/11760.aspx ----- (Unrelated hint about TfL's press release URLs - after x amount of time they get moved into the "/archive" hierarchy, so if one encounters a 404 when linking to an older press release then just add the "/archive" element to the URL before the press release's number in order to access it. Bit daft perhaps, but there you go.) |
#2
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On 2009-08-25 12:18:11 +0100, Mizter T said:
BBC News story - "Tube closures to last 'to 2010' " http://news.bbc.co.uk/1/hi/england/london/8219254.stm TfL press release - "Mayor and TfL challenge Tube Lines to deliver" http://www.tfl.gov.uk/corporate/medi...tre/12435.aspx Tube Lines has of course already been granted extra weekend closures on the Jubbly line in order to get the work finished on time - see this TfL press release from May of this year: http://www.tfl.gov.uk/corporate/medi...ive/11760.aspx ----- (Unrelated hint about TfL's press release URLs - after x amount of time they get moved into the "/archive" hierarchy, so if one encounters a 404 when linking to an older press release then just add the "/archive" element to the URL before the press release's number in order to access it. Bit daft perhaps, but there you go.) Either their programming / project planning of the work is inadequate Or performance against plan is inadequate But I don't suppose LUL [or is the client TfL / the Mayor / whoever] will be able to claim, as in a conventional contract. Didn't everyone here conclude that the PFI deals were essentially "heads I win, tails you lose" for the contractor - until of course Metronet decided that the best way to manage financial and delivery risk was to sub all the work to its own shareholders, who thought this meant they would escape VFM scrutiny and be able to book handsome profits upstream rather than in the JV. Of couse Tube Lines "tried hard" not to gloat at the time of the M'net collapse, claiming that their tendering / programming / management models and processes were all superior. Obviously not superior enough to ensure on time delivery - and will we ever learn if the job comes in on price? Don't expect anything to change in PFI-land. Remember the structure was invented by the PM's buddy, "Shrieking Shriti" - beg your pardon Milady. But I heard an interesting bit of "muttering" from a couple of well-connected Tories the other day, who were saying that Cameron & Co were convinced that there was lots of mileage in pursuing VFM for the taxpayer, even at the expense of big business. Admittedly, that was in the context of defence procurement, but if it is - or becomes - a more general view, who knows where it could lead...? Ken -- Writer / editor on London's River |
#3
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Bearded wrote:
Don't expect anything to change in PFI-land. Remember the structure was invented by the PM's buddy, "Shrieking Shriti" - beg your pardon Milady. Charming. There was me thinking PFI and PPP originated in radical state-shrinking thinking from the Adam Smith Institute and strongly supported by the Tories. Croydon Tramlink, for instance. There are plenty of Tories (Edward Leigh, for instance) who think there's nothing wrong with the principle of PPP and PFI. The extremely right-wing RAC Foundation were calling for privatisation of main roads today. But I heard an interesting bit of "muttering" from a couple of well-connected Tories the other day, who were saying that Cameron & Co were convinced that there was lots of mileage in pursuing VFM for the taxpayer, even at the expense of big business. Admittedly, that was in the context of defence procurement, but if it is - or becomes - a more general view, who knows where it could lead...? The opposition wanting to be seen as backing value for money for the taxpayer is about as surprising as the sun coming up in the morning. The value of a political statement is in its inverse - can you imagine any political party standing on a platform of *less* value for money? No? So therefore it's not worth a damn. Mind you, given how easily Boris was apparently persuaded to put in a good word for venture capitalists (latest Private Eye) and who the real financial backers of the Conservatives are (rich businessmen like Lord Ashcroft), it'll lead straight to business as usual. If you're a lobbyist, and you're any good, you're currently throwing all your New Labour contacts over the side and finding out exactly who is worth a kind word in the ear and a good lunch come next June. Tom |
#4
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On Aug 25, 3:42*pm, Bearded wrote:
Either their programming / project planning of the work is inadequate Or performance against plan is inadequate But I don't suppose LUL [or is the client TfL / the Mayor / whoever] will be able to claim, as in a conventional contract. Yes, of course they will: there are heavy contractual, financial penalties for failing to provide the agreed level of service ("abatements"), which Tubelines will be paying to TfL. Didn't everyone here conclude that the PFI deals were essentially "heads I win, tails you lose" for the contractor - until of course Metronet decided that the best way to manage financial and delivery risk was to sub all the work to its own shareholders, who thought this meant they would escape VFM scrutiny and be able to book handsome profits upstream rather than in the JV. Eh? A 'classic' PFI deal is absolutely *not* "heads I win, tails you lose" for the contractor. Anyone who says they are reads too much Private Eye, Socialist Worker and/or Cameroonian spin. The risk of project overrun, which is very real in most projects, is taken by the contractor not the public sector. If the contractor does a good job, they make a decent profit; if they do a bad job, they make a loss. Metronet wasn't a classic PFI deal: rather, it was structured in a way which made VFM-scrutiny-escaping and upstream-profit-booking possible[*], because the company was highly leveraged with taxpayer-guaranteed money but not forced to obey public sector tendering rules in dealings with its suppliers [**]. Of couse Tube Lines "tried hard" not to gloat at the time of the M'net collapse, claiming that their tendering / programming / management models and processes were all superior. Obviously not superior enough to ensure on time delivery - and will we ever learn if the job comes in on price? If they deliver by the end of 2009, or even early 2010, then they'll still delivered a massive upgrade project only slightly late. This is an improvement on How These Things Usually Happen. If the job doesn't come in on budget, then that's the shareholders' problem and not the taxpayer's. This is an improvement on How These Things Usually Happen. [*] I'm assuming this was done by the shareholders not trying very hard to enforce controls and tendering process at Metronet, rather than anything more explicit or intentional, purely on the grounds that most corporate execs don't like the concept of jail [**] I support the concept of PFI in general. The Metronet setup, with a private company run by some builders given a taxpayer-backed loan to throw at said builders, with the value of the builders' shareholding in the private company being worth far less than the value of contracts they awarded themselves, sounds like something dreamed up by Arthur Scargill and Bob Crow to discredit all private involvement in public sector projects forever. -- John Band john at johnband dot org www.johnband.org |
#5
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In message , at 15:42:06 on Tue,
25 Aug 2009, lid remarked: Don't expect anything to change in PFI-land. Remember the structure was invented by the PM's buddy, "Shrieking Shriti" - beg your pardon Milady. Did you know she's also the person originally behind the "ban P2P filesharers" thing that Mandy seems to have been dragged into today? -- Roland Perry |
#6
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On 26 Aug, 11:33, John B wrote:
On Aug 25, 3:42*pm, Bearded wrote: Of couse Tube Lines "tried hard" not to gloat at the time of the M'net collapse, claiming that their tendering / programming / management models and processes were all superior. Obviously not superior enough to ensure on time delivery - and will we ever learn if the job comes in on price? If they deliver by the end of 2009, or even early 2010, then they'll still delivered a massive upgrade project only slightly late. This is an improvement on How These Things Usually Happen. If the job doesn't come in on budget, then that's the shareholders' problem and not the taxpayer's. This is an improvement on How These Things Usually Happen. Indeed and it is worth remembering that the last attempt at introducing 'modern' signalling on the Jubilee line (for the opening of the extension by December 1999) was running so late that it was cancelled and 'traditional' signalling was installed instead. This was, of course, when LU was under LRT with no PFI in sight. If there are problems with commissioning of the new kit, these would most likely be happening whether LU or Tubelines are doing the actual work. |
#7
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"Andy" wrote in message
On 26 Aug, 11:33, John B wrote: On Aug 25, 3:42 pm, Bearded wrote: Of couse Tube Lines "tried hard" not to gloat at the time of the M'net collapse, claiming that their tendering / programming / management models and processes were all superior. Obviously not superior enough to ensure on time delivery - and will we ever learn if the job comes in on price? If they deliver by the end of 2009, or even early 2010, then they'll still delivered a massive upgrade project only slightly late. This is an improvement on How These Things Usually Happen. If the job doesn't come in on budget, then that's the shareholders' problem and not the taxpayer's. This is an improvement on How These Things Usually Happen. Indeed and it is worth remembering that the last attempt at introducing 'modern' signalling on the Jubilee line (for the opening of the extension by December 1999) was running so late that it was cancelled and 'traditional' signalling was installed instead. This was, of course, when LU was under LRT with no PFI in sight. If there are problems with commissioning of the new kit, these would most likely be happening whether LU or Tubelines are doing the actual work. Presumably neither LU or Tubelines do the actual work -- a contractor does. |
#8
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![]() "Recliner" wrote in message ... "Andy" wrote in message On 26 Aug, 11:33, John B wrote: On Aug 25, 3:42 pm, Bearded wrote: Of couse Tube Lines "tried hard" not to gloat at the time of the M'net collapse, claiming that their tendering / programming / management models and processes were all superior. Obviously not superior enough to ensure on time delivery - and will we ever learn if the job comes in on price? If they deliver by the end of 2009, or even early 2010, then they'll still delivered a massive upgrade project only slightly late. This is an improvement on How These Things Usually Happen. If the job doesn't come in on budget, then that's the shareholders' problem and not the taxpayer's. This is an improvement on How These Things Usually Happen. Indeed and it is worth remembering that the last attempt at introducing 'modern' signalling on the Jubilee line (for the opening of the extension by December 1999) was running so late that it was cancelled and 'traditional' signalling was installed instead. This was, of course, when LU was under LRT with no PFI in sight. If there are problems with commissioning of the new kit, these would most likely be happening whether LU or Tubelines are doing the actual work. Presumably neither LU or Tubelines do the actual work -- a contractor does. Why does it come as such a surprise that this is running late. Did this running late only occure in the last 6 months? I liked the way that Wembley Stadium was on time right up until the opening date then overnight it was year late. Kevin |
#9
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"Zen83237" wrote in message
Why does it come as such a surprise that this is running late. Did this running late only occure in the last 6 months? I liked the way that Wembley Stadium was on time right up until the opening date then overnight it was year late. Same with Terminal 5, which was claimed to be on time and on budget right up to the opening day. It soon transpired that it had actually been running at least a couple of months late, and opened unfinished and with the staff untrained because they couldn't get enough access in advance. Chaos ensued. As for Wembley, I thought there had been well-known problems well before opening day, such as with the steel works contractor downing tools. |
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