contract not signed yet but hey, use the link well done to all the bidding team and thanks for the celebratory lunch today. The proper one will be a double hog roast near 24 Ravelston terrace !

4 Responses to “New Forth Bridge”

  1. April 1, 2011 at 12:30 pm

    Well done for this, I checked out the web site, looks good, but why take so long just to build a wee bridge? I suppose all the private sector fat cats need to get a share. Who are your bankers by the way?

  2. Ian April 1, 2011 at 6:49 pm

    this is not a PFI so the bankers question is irrelevant. If you care to look at turnover versus profit for private sector construction companies the words fat cat are hardly applicable. If you knew anything about construction, and I know you do, but it is restricted to stables and hen hooses, you would realise that the programme is king, the sooner you finish the better your margin. How is your own tractor shed project doing? I doubt it’s had another nail inserted in it since I last saw it a year ago. You can take the man out of the public sector but you can’t take the public sector out of the man.
    PS how valuable will your end of salary pension be?

  3. April 4, 2011 at 9:29 am

    You are right, such is the pressure, but I thank you for your offer to have it completed whilst you are down, I bow to the project management skills of the construction sector. in answer to your questions, 20% return on capital employed (not a bad bung I thought)and my pension is 24 / 80ths of my salary of 10 years ago, but will not be payable until the government decides it will be, unlike yours, and at a level that they think can be afforded, rather than a reflection of my contributions. Who care though, us ex local government jonnies can command extortionate hourly rates for doing very little.

  4. Ian April 9, 2011 at 9:03 pm

    You have picked a nefarious statistic ! never mind capital employed, look at percentage profit on turnover. Construction needs turnover to make money as the margins are so low, that’s competition. I’ll explain competition to you later, public sector boy !!

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