Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Mega-Projects Crossrail And Hs2 Facing Cost Hike On Skills Gap

Recommended Posts

http://www.independent.co.uk/news/business/news/megaprojects-crossrail-and-hs2-facing-cost-hike-on-skills-gap-8735774.html

The Crossrail and High Speed Two (HS2) mega-projects could be “thousands” of engineers short during peak periods of construction, a leading recruitment firm to both infrastructure projects has warned.

The increasingly acute lack of engineering talent in the UK could undermine the Government’s plans of fostering economic recovery on the back of £200bn of infrastructure spending on bridges, rail, roads and even sewage systems.

Keith Lewis, managing director at the UK’s biggest engineering recruitment firm, Matchtech, told The Independent that with so many projects going on over the next 10-15 years, HS2 and Crossrail, would be “hundreds or thousands rather than dozens” down on the engineers it needs.

This would inevitably put up labour costs on what are already eye-wateringly expensive projects. HS2, which will cut London-to-Birmingham train journeys to 49 minutes, is now expected to come in at more than £40bn. Crossrail’s tunnel link to slash London commuting times, is set to cost £15bn.

Hilarious still couldn't all those with media and CSI degrees retrain?

Although to be fair before this becomes an issue actually paying for it all may become an issue.

Share this post


Link to post
Share on other sites

Just wondering, how paying more reduces the shortage?...the workers will come from somewhere else...and that means another project will suffer....

Course, they could have budgeted to train people themselves....or maybe they got costings from suppliers to carry out the work and THEY would have costed the rises in accrodingly.

Or is it just another Government project prices at publicly acceptable x billion, while the actual cost will be the unacceptable unaccoutable x*3 billion..

Most likely the extra costs are rewards for services rendered to the party.

Share this post


Link to post
Share on other sites

Wage inflation here we come.

Wage inflation is unacceptable for engineers.. they are not the Right Sort.

Maybe if they called themselves 'Financial decision Implementation consultants' they'd be OK.

Share this post


Link to post
Share on other sites

Plenty of Spanish engineers would come back to Europe for much less than that :o

Part of the current surge in Spanish exports is down to Construction contracts being won around the world. - ok , so the work done in situ isn't an export, but you can bet that various parts, contracting services etc are commissioned to Spanish and other European outfits.

Just this weekend it was announced that the Spanish construction company FCC is at the head of a consortium that has won a $7.8 billion contract to build metro lines in Riyadh:

Saudi mega-contract

A consortium led by Spain's Fomento de Construcciones y Contratas (FCC.MC), and including France's Alstom Transport (ALSO.PA) and South Korea's Samsung C&T Corp (000830.KS), won a $7.82 billion contract for three lines.

Share this post


Link to post
Share on other sites

I suppose devaluing the £ by about 35% can't have helped attract engineers from around Europe...foreign or UK citizens.

If at first you don't succeed, try and try again

http://www.telegraph.co.uk/finance/comment/10207922/If-we-want-to-recover-our-competitive-edge-in-the-world-we-must-first-get-the-pound-down.html

That's the millionaire Labour Benefactor John Mills by the way in case anyone though their vote was still worth anything at all. Oh go on then http://www.telegraph.co.uk/news/politics/10102190/Donor-John-Millss-gift-to-Labour-avoided-tax-bill-of-1.5m.html

Edited by 7 Year Itch

Share this post


Link to post
Share on other sites

If at first you don't succeed, try and try again

http://www.telegraph...pound-down.html

That's the millionaire Labour Benefactor John Mills by the way in case anyone though their vote was still worth anything at all. Oh go on then http://www.telegraph...ll-of-1.5m.html

I'm amazed the Telegraph think people are going to pay to read such tosh.

Share this post


Link to post
Share on other sites

Devaluing the pound has been tried again and again and again.................................. over many decades at the same time as UK manufacturing has continued to decline decade after decade.

It's just another take the easy way out "idea" at the same level as allowing shoppers to park on double yellow lines for 15 minutes.

It might give a temporary short term improvement to some existing manufacturing companies that still remain in the UK but it doesn't work in rebalancing the whole economy in either the short, medium or long term.

It needs far more fundamental changes and allowing inflation to get out of control doesn't help either.

It's no way to run a country.

Edited by billybong

Share this post


Link to post
Share on other sites

Devaluing the pound has been tried again and again and again.................................. over many decades at the same time as UK manufacturing has continued to decline decade after decade.

It's just another take the easy way out "idea" at the same level as allowing shoppers to park on double yellow lines for 15 minutes.

It might give a temporary short term improvement to some existing manufacturing companies that still remain in the UK but it doesn't work in rebalancing the whole economy in either the short, medium or long term.

It needs far more fundamental changes and allowing inflation to get out of control doesn't help either.

It's no way to run a country.

How about we charge engineering students £9000 a year for their 4 year courses then? Will that help?

Share this post


Link to post
Share on other sites

Part of the current surge in Spanish exports is down to Construction contracts being won around the world. - ok , so the work done in situ isn't an export, but you can bet that various parts, contracting services etc are commissioned to Spanish and other European outfits.

Just this weekend it was announced that the Spanish construction company FCC is at the head of a consortium that has won a $7.8 billion contract to build metro lines in Riyadh:

Saudi mega-contract

That's obviously wrong. It's impossible because the euro is too strong for the med countries. Only suits Germany.

Get on message.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.