tag:blogger.com,1999:blog-6777766.post114653116241164738..comments2023-10-21T07:20:22.629-04:00Comments on Liberty Street: Kathyhttp://www.blogger.com/profile/03849598751096484281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6777766.post-1146580604230081502006-05-02T10:36:00.000-04:002006-05-02T10:36:00.000-04:00Good point, but the government has never been any ...Good point, but the government has never been any good at cost estimates. Despite paid professional staff with degrees in cost estimating, the results are usually no better than just guessing. This is why it is unlikely a contractor will take a fixed price contract for government work. The risk is too high for normal business.<BR/><BR/>I think the example you are looking for is the Alaskan oil pipeline. Original estimate: $800 million. Actual cost $9 Billion. All privately funded by the oil companies. The execs and project mangers were considered heros for accomplishing it at all and the profits from the venture have exceeded their estimates too.<BR/><BR/>Predicting the future is hard.<BR/><BR/>In the final analysis, in the decision to go to war in Iraq, cost was never an issue.Rocihttps://www.blogger.com/profile/04019342315317562988noreply@blogger.com