Build your professional network on facebook via our app Go to app
 

Government waste - inflated project costs and cost overruns.

Tags : government project estimation, budget overruns, wastage, cost overruns, corruption
Industry : Public Sector/Government
Functional Area : Growth
Share
 
 
 
About "Government waste - inflated project costs and cost overruns." topic:

With Increased revenue flows into government coffers there is a general tendency to inflate project costs and siphon off

2 debates , 1 question on topic: "Government waste - inflated project costs and cost overruns."
Start a new discussion on the topic ...
 
  •  
  •  
  •  
  •  
Start Debate
 
(rate this)
Proect costs are inflated to hedge for delays and cost overruns 
5
VS
2
 Project costs are inflated to siphon off the money
Er. Harnam Singh  |  Argues in support of  "Proect costs are inflated to hedge for delays and cost overruns"  |  2 years ago
Not true . There can not be a comparision of unequal things same way no copmarision of cost if two buildings are not similar in area ,specification and location and both of them shall be constructed during same time. In absence of such figures it...
Devarajan Venkataraman  |  Argues in support of  "Project costs are inflated to siphon off the money"  |  2 years ago
What more can we expect from government agencies? They don't even spare hospitals and medical colleges from their corrupted minds. Merely for 100 bedded hospitals, when the cost per capita is much lower, the project cost estimation of 100 crores...
Biranchi Narayan Acharya  |  Argues in support of  "Proect costs are inflated to hedge for delays and cost overruns"  |  2 years ago
I do not belive that project costs are inflated to siphon off the money particularly in large projects. This has got some snese if the project cost is less than 10 crore not a new project. Asfar as the case referred here one can not do a...
 support: 
 
 
Debate: "Government Project cost estimation." deleted from your view.
Undo
 
(rate this)
hydro, wind, solar environmental Friendly  
2
VS
0
 thermal power projects
D V K PHANEENDRA  |  Argues in support of  "hydro, wind, solar environmental Friendly "  |  1 year ago
if we link all our rivers properly then there are some new possible hydro power projects so i support my nation to do that rather than cutting forest and wet crops for Thermal power projects
pandianarjunan  |  Argues in support of  "hydro, wind, solar environmental Friendly "  |  1 year ago
We have a vast land  than other countries , if govt planned for a long time benefits it will go for a wind,hydro or solar power projects. They are following who are not the natives of our land. so they will prefer a nuclear project only.
 support: 
 
 
Debate: "government of India (ie we ) should plan for more hydro, wind, solar power projects and should not support thermal projects " deleted from your view.
Undo
 
 
Answer: "All india water &waste Water sewage Drainage Pipline Tender Online " deleted from your view.
Undo
 
Other knowledge matching "Government waste - inflated project costs and cost overruns." topic
Activity: 0 referals , 1 comments, 286 views  
Accounting of revenues costs in Entertainment Ind. 13 May 2010 2,927 views No Comment   A common practice amongst media owners is the bundling of space across various products, programmes, channels, publications and portals. This makes the accounting of revenues or costs challenging. The Indian media and entertainment (M E) industry has transformed in the last 15 years. The segments within the industry include TV broadcasting, publishing, radio, new media, filmed entertainment, software production, music and events. Significant differences between Indian GAAP and IFRS, pose both accounting and business challenges . A common practice amongst media owners is the bundling of space across various products/programmes/channels/publications/portals. The accounting of revenues or costs becomes challenging where such space is marketed for a consolidated amount. There is no specific guidance under Indian GAAP or IFRS. Relative fair value However, under IFRS, the practice is to use the...
Activity: 203 referals , 14 comments, 11875 views  
Successful Project Managers   - Characteristics and Skills What are the Characteristics of Successful Project Manager   ? Project Managers interact with   different types of people at different level s within the organization and outside the organization. Since their responsibilities include directing and coordinating various resources through out the life cycle of the project, it is important the Project Managers   have certain characteristics to ensure project success. There are five main characteristics they are 1.        Flexible – Flexibility is required for a PM especially when dealing with new team members who may need specific , firm direction to get started. PM should be able to adopt various styles of leadership (Authorative, Colloborative etc)   with various people. 2.        Credible – PM   should be Trust Worthy , Competent, Dependable and honest. 3.        Tolerant – Considering the fact that the Resources, Goals and Objectives   are   often vague, PM Should be...
Activity: 2998 referals , 20 comments, 544 views  
Fiscal deficit * Fiscal deficit seen at 5.9 percent of GDP in 2011-12 * Fiscal deficit seen at 5.1 percent of GDP in 2012-13 Revenue and Taxes * Personal income tax exemption limit raised to Rs 200,000. Those in the Rs 2 lakh-Rs 5 lakh bracket will now be under the 10% slab. Those in the Rs 5 lakh-Rs 10 lakh bracket will come under the 20% slab * Service tax rates raised to 12 per cent from 10 per cent; School education, though, will be exempt from service tax. * Seventeen services exempt from tax net * Rs 10000-crore tax fee bonds for power sector * The Securities Transaction Tax (STT), imposed while buying and selling shares, is brought down by 20%. selling shares, is brought down by 20%. * Indian film industry exempted from service tax on copyright * Interest earned from bank deposits to stay tax free up to Rs 10,000 * No advance tax requirement for senior citizens * No change in corporate tax rates * Govt to move towards Direct Tax, Income Tax exemption limit raised to Rs 2...
Activity: 735 referals , 18 comments, 325 views  
The following is a reproduction of from an article I wrote in 2004. 1.  Harnessing the vast human resource in the country shall be the main objective. Most of the unrest and disharmony happening every where, may it be of social, political, various disruptions caused by actions and counter actions of different ethnic groups and communities turning into religious extremism, are due to the shift in the focus of life among the mass especially the village youth, and political are due to desperation fermenting of the prevailing situation that deprive them options and opportunities to grow up and lead a normal life.   To alleviate it, the primary focus shall be on the uplift of the 750 odd million rural population, by providing them basic amenities such as a home to live, clean water, cheap electricity and fuel, primary healthcare, free basic education, effective public distribution system, good roads and other infrastructure, and a minimum assured income from agricultural or trade...
Activity: 330 referals , 11 comments, 57 views  
Why ca n’t we contain Inflation which other developed nations find it easier to do?   Inflation is the general rise in price levels. It is matter of previlages and authority that is mismatched that lead to loss in value of the currency which had been our problem for long where our currency now is so undervalued and is loosing it as a pattern for long time. It all emerges, let us forget about the standard routes of raising rates or restricting money supply or even creating autostabilizers there is a fundamental reason why we have inflation far beyond what may be required by our growth and employment. Suppose if one get an electric connection, one need to also buy an inverter to get sustained power. If one need to buy a car one need to also spend on extra demand of services every  half year. If one need to go to an office to get anything now(not now I presume) one need to spend extra income to get it to functional levels.  So on and so forth goes the extra income required to meet the...
Your partner of choice
Your partner of choice
 
 
Similar Topics
Share experiences and recommend when, and how to adopt Business Objects...
1 trends , 1 debates , 1 idea contests  
Under control ideas the area of discussion would be construction cost...
10 debates , 4 idea contests , 7 question  
Construction costs are rising. At times materials are in short supply....
4 debates , 4 idea contests , 1 question  
Concpets, benefits, knowledge, experience, myths, questions about Activity...
2 insight , 2 debates  
As globalization continues to develop into the predominant method of...
1 insight , 1 debates