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Break up project tenders to stop cost blowouts: Watpac CEO

Jenny Wiggins
Jenny WigginsInfrastructure reporter

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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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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/break-up-project-tenders-to-stop-cost-blowouts-watpac-ceo-20200512-p54s4p