GwladysPhil
Player Valuation: £35m
It was around 350m then, with some costs of filling in considered. I'd also day, prices will decline a bit post Covid, but borrowing will go forward.
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It was around 350m then, with some costs of filling in considered. I'd also day, prices will decline a bit post Covid, but borrowing will go forward.
its gonna be mahoosive if all the seats are 2 metres apart thoughprobably will be slightly over budget and take a bit longer but still feel like it will get done. just my gut feeling
Prices don't decline in construction only increase.It was around 350m then, with some costs of filling in considered. I'd also day, prices will decline a bit post Covid, but borrowing will go forward.
Prices don't decline in construction only increase.
With distancing measures in place it will take longer to build, and the site is so old there is bound to be issues.Of course prices can decline.
With distancing measures in place it will take longer to build, and the site is so old there is bound to be issues.
Look at spurs and wembley
But thats a different argument. It's one thing to say you don't think they will come down in price, quite another to say prices can't come down.
Spurs and Wembley where built in boom times, during a massive labour shortage in the capital. The figures initially were £350m were the figures initially, while they may go up a bit, commodities and the cost of labour will be going down. I'd also add, once we have a vaccine any distancing goes. Secondly it's ultimately up to contractors to work it out with the staff. If Everton have agreed a price with a contractor, even if prices increase it will be for them to bear the increased labour costs. It will be for suppliers to be smarter and make things work.
I am not sure the ground gets built, but I don't see prices going wildly over £500m. I also think the national government could easily step in and underwrite any loan to ensure we get a preferential rate, and may have to to ensure infrastructure projects commence. You would be exploring that option if you were the club and you know you would have massive leverage over them.
With distancing measures in place it will take longer to build, and the site is so old there is bound to be issues.
Look at spurs and wembley
This isn't always strictly true, there are a number of different contractual arrangements that allow for cost or construction overrun. Guaranteed Maximum Price (GMP) contracts in my experience just lead to the contractor cutting corners at all opportunities in order to minimise risk of going over a price that they have likely undercut too far anyway, you get cost certainty, but a lower build quality and often court cases as to origin of design change decisions.
In my opinion, it was GMP contracts that were the undoing of Carrillion.
Initial work would probably be heavy machinery, cranes and diggers etc. that might not require too much close working possibly...
If Everton have agreed a price with a contractor, even if prices increase it will be for them to bear the increased labour costs.