Break up project tenders to stop cost blowouts: Watpac CEO
Governments should break up big multibillion-dollar infrastructure projects into smaller pieces to create more competition and reduce the risks of massive cost blowouts, says new Watpac chief executive Jean-Pol Bouharmont.
Mr Bouharmont, who became the Brisbane-headquartered construction group's CEO in October following its takeover by Belgium's BESIX, said governments would attract more bidders for big $5 billion-$10 billion projects if they separated contracts for tunnelling, stations, property development and maintenance work rather than bundling them together.
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