United Kingdom

Details

  • Industry: Infrastructure, Building and Construction
  • Type: Press release
  • Date: 26/04/2012

UK infrastructure: shared incentive needed to reduce cost, says KPMG 

 

Stuart Westgate, risk consulting director at KPMG, comments on the government’s announcement to reduce cost in UK infrastructure projects by 2015:

 

“KPMG welcomes the government’s announced progress in achieving reductions in the cost of delivering the UK’s infrastructure. We know that the UK faces a significant infrastructure deficit and the £200bn to be invested in the next 5 years needs to go further if the UK is to retain its international competitiveness.

 

“The potential risk is that we now overpromise then under-deliver. There are many examples of capital investment programmes where cost savings are claimed in the planning stage but turn into cost overruns during construction.

 

“Therefore, the government needs to ensure that cost planning and estimation is robust, and encourage long term reform in the UK’s construction supply chain so there is a shared incentive to reduce cost.”

 

Ends

 

For further information please contact:

 

Arti Mohan, Corporate Communications

Tel: 020 7694 8735

Mobile: 07768 858 085

Email: arti.mohan@kpmg.co.uk

 

KPMG Press Office: 020 7694 8773

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff.  The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services