Thinking of Forge if you read the Administrators Report as to the affairs of the company the Board were desperately trying to offload the company and various sections of the company when things were OK. Alas it never happened and they went bust.
Reason being they kept ridiculous overheads and could not transform themselves into hard money contractors from consultants. (Sans Calibre Group heading the same way).
There would be pricing models that Chapman would have expected would be right and the commercial/financial guys would have reviewed and reviewed- but contingencies catch these players out and something that cannot be priced in a road headers not doing what they are supposed to be doing.
Add in hiring low cost inexperience staff to try and run a multi million dollar flagship project is fraught with danger and reeks of mis pricing from the get go. Price then to make money - hire the best and deliver - not sure what's so complicated about that.
And beside these companies have had lots of practice as pricing projects so why do them for practice.
WDS Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
