Most Expensive Construction Mistakes in the World
Video Statistics and Information
Channel: Top Luxury
Views: 1,401,867
Rating: 4.780045 out of 5
Keywords: top luxury, b1m, jeddah tower, jeddah tower construction, most expensive fails, expensive mistakes, most expensive mistakes ever made, worlds most expensive mistakes, fenchurch street, citigroup tower, citigroup center tower, megaprojects, skyscrapers, stuttgart 21, stuttgart 21 project, berlin brandenburg airport, expensive fails, most expensive, most expensive mistakes, construction, mega project, engineering, most expensive mistakes in all history
Id: WVCOYUXkeKg
Channel Id: undefined
Length: 10min 51sec (651 seconds)
Published: Thu Apr 15 2021
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Well, as the entire video makes clear, this is a global problem, not specifically a German problem; it just so happens that of the five failures they randomly picked, two are from Germany.
The problem really is local politicians pushing for ridiculously flamboyant prestige projects, and then awarding contacts to companies that promise to do it cheaply and fast.
not much.
I think a big problem is the tendering system.
Politicians have a strong interest in pushing the projects through. It's a great thing to be the initiator of something like the Elphi or a new airport. In the idea generation phase, the costs are then calculated down so that the budget is released by the executive bodies.
Once the budget is in place, the tendering process starts. Here, the most favorable bidder usually wins the contract. Unfortunately, this is then the cheapest and not the best provider. Otherwise, the tight budget would not be sufficient. Often, the cost estimates of these providers are not realistic. Intentionally. The providers know that a project cannot be cancelled after 50% completion. Simply because the project owners do not want to lose face. Then the hand can be held out. According to the motto: We need more money, otherwise insolvency is imminent.
In order not to endanger the project and not to stand there with half a building, the money is then granted. This is why political projects in Germany almost always turn out to be considerably more expensive than planned.
Corruption and cheapest-bidder hiring, same as everywhere else.