One example: “When we first started we did not envision replacing all the siding, all the roofs. That’s what we ended up doing because as soon as we started doing one part, [we discovered] it was falling apart,” said Moy, who had originally estimated the renos would cost $1 million.
So if the original projection was $1 million but the project comes in at 13x the cost, what does that do to the financials?
Makes it a standard government project.