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£3 Billion To Restore 1 Building In Central London


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I recently spoke to an employee of a large property maintenance firm called "Integral". He said they had "milked to death" the Welsh assembly for inflated maintenance / repair costs.

According to him, It appeared to be an industry wide problem, but even he seemed embarrassed as to the extent with some gov buildings / orgs.

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  • 1 year later...
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For sure it's the gravy train to be on (that and banking) - forget about manufacturing.

That and stuff like turning road intersection traffic lights into roundabouts then back into traffic lights and back into roundabouts ad infinitum....

Not to mention housing of course.

Edited by billybong
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On ‎04‎/‎12‎/‎2014 at 9:40 AM, Ghostly said:

Definitely. Some people like the 'historical' surroundings but as the Scottish Parliament and Welsh Assembly show you can do the same job in a modern building.

Scots parliament cost half a billion to serve a tenth of the people and is not even responsible for  all the affairs...that's quite a high per capita spend compared to a three billion project. Meanwhile we are restoring the UKs most iconic global building, the Scots have something pretty crap at multiple times the per capita spend. Think it might indirectly generate that three billion in a decade in overseas tourism. It's a draw like the Eiffel towwer, even if it isn't collecting the money directly.

Edited by crashmonitor
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How the f*ck can one building cost 4bn to restore? Whoever is running the procurement must be incompetent, corrupt or both.

 

In the private sector the way you would run a bid like this is lowest cost bids with penalties for late completion and penalties/clawbacks for poor quality work. Wtf are these numpties doing?

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30 minutes ago, EssKay said:

How the f*ck can one building cost 4bn to restore? Whoever is running the procurement must be incompetent, corrupt or both.

 

In the private sector the way you would run a bid like this is lowest cost bids with penalties for late completion and penalties/clawbacks for poor quality work. Wtf are these numpties doing?

I suspect it had to involve large numbers of master stone mason to restore it in keeping with its original design,l hence the cost.

But why not do something more modern, like they have in Berlin!

 

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It's had its day but by all means keep it.  Refurbish it and if not converted to housing then keep it as a fee earning tourist attraction along with office area rentals plus museum attractions and so on.  Apparently there's a decent car park underneath and with parking in London being in short supply such a central location would be extremely remunerative.  The ground level external entrance areas could also be financialised and their other buildings in the area such as Portcullis House could also be put out to sale or rent depending on ownership status.

It has a river frontage so yachts and barges etc could pay to moor there.  It might even provide river living to help with the housing issue.

So it could all be pretty much self funding to pay off the loan interest of refurbishment and in time the capital sum would be eroded by inflation.

Now is the time for MPs etc to relocate permanently elsewhere.

Edited by billybong
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1 hour ago, Mikhail Liebenstein said:

I suspect it had to involve large numbers of master stone mason to restore it in keeping with its original design,l hence the cost.

But why not do something more modern, like they have in Berlin!

 

Lets say an average specialist stone mason/other specialist "artisan" costs 100k a year. You could hire (or better still train) 1000 of them and have them work on it for 5 years straight and it would still only cost 500m. Say another 500m for materials/other costs. That still only takes you to 1bn. Where's the rest of the money going?

 

Agree on replacing it with something more modern btw. It's had its day and if it costs that much to restore, replace it.

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2 hours ago, EssKay said:

How the f*ck can one building cost 4bn to restore? Whoever is running the procurement must be incompetent, corrupt or both.

 

In the private sector the way you would run a bid like this is lowest cost bids with penalties for late completion and penalties/clawbacks for poor quality work. Wtf are these numpties doing?

£1bn for the visible part. 

£3bn for the secret underground base for the illuminati lizard people.

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On 04/12/2014 at 9:45 AM, hotairmail said:

Move Westminster to a purpose built campus in Birmingham to include accommodation.

Sell off Westminster to developers to turn into flats and an iconic hotel....just like they did with the old GLC building.

I really should be running the country.

+1 There is no practical reasons for the seat of power to be in London. Lots of ministers are being moved to Manchester etc.

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27 minutes ago, 80sBaby said:

+1 There is no practical reasons for the seat of power to be in London. Lots of ministers are being moved to Manchester etc.

Even better value, if they are into Giant Stone Temples, they could return to nature and use some of the massive underground caves in Wales, like this one : https://m.roughguides.com/article/a-giant-underground-trampoline-has-opened-in-a-cave-in-wales/

Apparently it's twice the size of St Paul Cathedral.

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On 12/4/2014 at 9:05 AM, Saving For a Space Ship said:

I recently spoke to an employee of a large property maintenance firm called "Integral". He said they had "milked to death" the Welsh assembly for inflated maintenance / repair costs.

According to him, It appeared to be an industry wide problem, but even he seemed embarrassed as to the extent with some gov buildings / orgs.

No surprise there

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