Caporegime
Inflation doesn't take in to account increased design standards. Increased labour welfare. Increased safety requirements. So on, so forth.
Baltimore Bridge
- Thread starter imtoooldforthis
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Inflation doesn't take in to account increased design standards. Increased labour welfare. Increased safety requirements. So on, so forth.
Commissario
450 million in inflation isn't equal for everything.
Remember "Inflation" as a headline number is an average of a lot of things.
for example the cost or certain raw materials and finished materials may go up far faster than any "average" inflation number, whilst other things may go up at below the inflation rate. It's one of the reasons that if you plan a build for say a house and you allow a 10% margin of error for materials costs, even over just 6-12 months you can go way above that if say the cost of fuel goes up or the cost of say a steel beam goes up (and IIRC steel has several times gone up in 6 months at multiples of what the inflation rate was*). IIRC it is currently cheaper to use actual proper wood than the likes of plywood for some projects at the moment because the cost of that has risen so much faster than the cost of some woods, and some particular cuts of wood went up massively faster than inflation because of things like the mills and shipping being affected energy prices.
Also they're likely going to aim to build it much stronger (extra cost) and with better resilience (extra cost), and likely to a very different design (extra cost) and do a lot of computer modelling to see how the design reacts under various conditions (extra cost, but cheaper than as has happened in the past, you build a bridge and find it's unsafe in certain weather conditions).
Even things like fairly simple seeming design changes can have a massive effect on the cost
*One of the main reasons every major multi year project seems to go "over budget" is because if they say have 3 months in planning disputes/court disputes over the route you can see the cost of materials having gone up before you've even started getting them on site, and that means you're now looking at inflation affecting everything more than allowed for, let alone the odd war disrupting the energy costs and shipping routes.
Soldato
So it's safe to assume that even their estimate of $1.9 billion probably isn't right, I honestly expect the final cost to be 3-4 billion and at least 12 months over schedule.
Associate
Live on youtube, watching a stream with less than hour to go, explosive's ready to be detonated.
Caporegime
Still trapped on Baltimore ship, weeks after bridge collapse
Morale is low for the Dali's crew members, stranded on board by ongoing investigation into tragedy.
www.bbc.co.uk
Pretty crazy that the 21 crew are still on board 7 weeks later.
Soldato
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If the ship were at sea instead of in harbour they'd still be stuck on board infact they're often at sea for months on end, its a commercial contract and they get paid for itStill trapped on Baltimore ship, weeks after bridge collapse
Morale is low for the Dali's crew members, stranded on board by ongoing investigation into tragedy.www.bbc.co.uk
Pretty crazy that the 21 crew are still on board 7 weeks later.
Caporegime
Yeah, but the ship is not at sea and operational, they're sitting in the same place they were 7 weeks ago with no idea when they'll get off.
Soldato
From when I worked at sea, they’re probably grateful to be within mobile range of land.
Associate
Crashed into a bridge, they are being detained.
Caporegime
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Soldato
Finally moved to berth.
maritime-executive.com
Video: Containership Dali Successfully Moved to Baltimore Berth
The refloating operation and removal of the Dali from the wreck site of the Francis Scott Key Bridge in Baltimore was completed this morning, May 20,...
maritime-executive.com
Soldato
It doesn't include the back handers you mean.
Soldato
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Seeing the state of the front of that ship those shipping containers on the nose flattened like a concertined pancake with a section of roadway across it and the smashed hull. I wouldn't want to handed the insurance bill for the cost of rebuilding the bridge and the ship is scrap surely
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Commissario
From memory most of these big ships are built in sections, so depending on what a structural survey of it says they might well repair it as the cost of the repair is still likely to be less than the cost of scrapping it even if they had to do something like put a new front on it (at least if it's fairly new).
Things like "newish" big ships and commercial aircraft are rarely written off if they can repair them to a sufficient standard (on a ship that costs £100+ million and 5 years wait to build a few million for a repair is cheap), as you have the cost difference between what you might get from the insurance for writing it off, and potentially the cost in lost capacity/business whilst you go to the back of the queue for a new one to be built to order.
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Soldato
They will only pay xxxxxx amount towards the cost, insurance picks up the rest, but that first payment will rise next time.
Caporegime
Yip. Prefabricated sections. I've seen existing ships lengthened by dropping another section in so cutting off a knackered bow shouldn't be too much trouble!
Commissario
That's the sort of thing I'm thinking of, IIRC Samsung has huge shipyards where they basically have a production line making sections and then just welding them together, so if the ship involved in this case was built in a similar facility I'd imagine it's possible at worst to order a new section possibly with an updated bow section.