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Scrap use of optimism bias in project costings – consultant

Andrew Forster
22 November 2019
 

Cost consultants have recommended that West Sussex County Council stops applying optimism bias adjustments to local capital transport projects. 

The council turned to Provelio for advice following a number of instances where the early budget set for transport schemes did not prove adequate for delivering the projects. 

Provelio says West Sussex currently uses optimism bias adjustments to generate a project contingency figure. 

“While this is a recommended Government...

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