The third sample of this problem is the new parliamentary office building that is opposite the Houses of Parliament in London (Barrie, 1999a). At £250m, Portcullis Houses budget doubled (Wheeler, 1998). Built on a completely difficult site entirely with a precise project brief, these characteristics have steered to this turning into one of the most expensive buildings ever erected in Britain (Barrie, 1999b). The first budget estimated was reconsidered after the cladding works package tender came in completely over the budget, and the budget had to be raised once more after issues had been caused by other complications, as there had been an underground station sitting directly below the site (Barrie, 1997a). A statement from a Member of Parliament set out the justification for the increased costs as attributed to inflation, delay in handing over the site and for approved additional design costs (Baldock, 1999). The latter includes bronze cladding to extend the life of the building, electronic door locks, internal security measures, the incorporating of the parliamentary office building that is opposite the Houses of Parliament in London (Barrie, 1999a). Business and The Main Difficulties of Precise Budgeting.
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Leftly, M (2001) What went wrong?, Building, 19 October, 26-27.
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Seeley, I H (1996) Building Economics (4th Edition), Macmillan Press Limited, London.
Spring, M (1997) Gentle giant, Building, 31 October, 40-45. Wheeler, C (1998) Thanks for the insight, Building, 9 January, 17.
White, D (2000a) Costain turns to KPMG to cut risk - Contractors review of project risk may lead to a spend-earlier-to-save-later approach, Building, 4 February, 17.
White, D (2000b) Balfour to spend £5m on project database, Building, 31 March, 19.
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