pipers wrote:4) Where the additional funding will come from if the project costs more than the estimates.
Smac can't answer this and neither can the SACA can they? The Government is about to award a fixed price construction contract to the successful tenderer. Until that happens then an accurate cost can't be given by anyone. Everyone is aware of the budget so the tenderer will have to provide a quote within the that budget or they won't win the work. After that the risk on a fixed price project rests with the construction contractor.
The Liberals keep raising the cost issue (in terms of asking what it will be) because they know full well the contract hasn't been awarded to anyone yet so all anyone can give is the original estimated cost. In the meantime it's a question that creates of lot of noise which is what they want.
Nowhere has it been stated that I have seen that an overrun, if it happens, comes out of SACA funds.
Why would a construction company submit a tender for $700m (say) if they want to win the work? As said, if costs go above estimates it's the contractor's issue unless it's a valid variation to the original contract.
These sort of questions loop round in circles. I prefer your question about the legalities of the SMA. At least it's something the SACA can answer.
In between signatures .....