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Petsche: Massive error on dirt in Sun City lake will be costly

I’d hate to have been the estimators at Pacific Aquascapes when they realized how they miscalculated by 80% the amount of dirt they had to haul.

That’s a massive error and one that could bankrupt a contractor. I’m not a lawyer but I believe that’s why contractors  are required to carry E&O insurance and bond each job. These insurers have been making billions off contractors and, in my opinion, it’s time to collect. Decisions about this project were made with a wildly inaccurate estimate. E&O stands for error and omission insurance. 

This mistake was either a mathematical error or they didn’t measure twice? Well, I don’t want to think of other possibilities.

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Petsche: Massive error on dirt in Sun City lake will be costly

Posted

I’d hate to have been the estimators at Pacific Aquascapes when they realized how they miscalculated by 80% the amount of dirt they had to haul.

That’s a massive error and one that could bankrupt a contractor. I’m not a lawyer but I believe that’s why contractors  are required to carry E&O insurance and bond each job. These insurers have been making billions off contractors and, in my opinion, it’s time to collect. Decisions about this project were made with a wildly inaccurate estimate. E&O stands for error and omission insurance. 

This mistake was either a mathematical error or they didn’t measure twice? Well, I don’t want to think of other possibilities.

Error, dirt, Sun City, costly

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