There are roadworks near my house that were supposed to take 6 weeks. We are on week 14. I have seen someone actually working there maybe three times.
Here is what should happen:
- Every contract gets a hard completion date
- For every week it overruns the contractor loses 5% of the contract value
- Automatic. No negotiation. No waivers
- If they finish early they get a 2% bonus
- All penalties and bonuses published on a public dashboard so residents can see who is delivering and who isnt
I know penalty clauses exist already in some contracts. They clearly are not working. Make them automatic and make them hurt.
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