PPRuNe Forums - View Single Post - UK - Botched Nuclear Warhead Projects - The Economist
Old 10th Feb 2020, 15:21
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AnglianAV8R
 
Join Date: Aug 2009
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Originally Posted by tiddles52
Project inflation in the public sector has a simple cause : If the company told the Govt the proper full price at the start they'd never start the project! So a digestible figure is supplied, signed off, then the slow creep up begins. Same as the builder on your house does - quotes the job then starts adding to the bill as you make changes. That's the jam on the job.

G
I don't disagree with your view on how it works, generally. Indeed, Nimrod 2000 stands out as the classic example of such incremental creep in costs. However, I believe there is a fundamental legal meaning to the word "quote" as opposed to an estimate of cost.
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