12-10-2007, 10:04 AM
The costs may well be a black hole. What has me puzzled is, if the county is contracting something, why can't that contract be for a fixed price at or below a council approved level?
If we budget for a $40 million WTE and it costs or bids more than that then don't buy it. Do something else.
In all my business experience there are a couple rules of thumb that might apply here:
1. Don't even approach a deal that you can't walk away from.
2. Always require clarity on what exactly is NOT included.
To Aaron: Come on now Aaron.... to say a WTE has no positive attributes is a little blind. The ability to recognize and evaluate the cost/ benefit of the positve and negative attrivbutes may lead one to any conclusion. But there are always positives and negatives.
If we budget for a $40 million WTE and it costs or bids more than that then don't buy it. Do something else.
In all my business experience there are a couple rules of thumb that might apply here:
1. Don't even approach a deal that you can't walk away from.
2. Always require clarity on what exactly is NOT included.
To Aaron: Come on now Aaron.... to say a WTE has no positive attributes is a little blind. The ability to recognize and evaluate the cost/ benefit of the positve and negative attrivbutes may lead one to any conclusion. But there are always positives and negatives.
Assume the best and ask questions.
Punaweb moderator
Punaweb moderator