Contractors' Profits.
Contractors and employers of labour (says an English paper) are constantly complaining that after paying expenses and wages they rarely make anything to speak of for themselves. If that were so, how aTe all the enormous fortunes accumulated? The London County Council has shown us one way. They invited tenders for reconstructing part of a main sewer in Lambeth. Tbe lowest tender was._£ll,sßß odd, but. the engineer to the County Council estimated that the cost should not exceed .£7OOO. The Council then decided to do the work itself, and employ labour direct. The work has just been finished, and the total cost, says onr excellent contemporary London, amounts to £5354 and a few shillings, or a hundred per cent less than what a contractor would have done it for. Thus, taking into account the plant and used material, -26631 odd has been saved to the London ratepayers which would have found its way as profit into tte pocket of the middleman. After this it is likely that the County Council will become its own contractor. They have no excuse now for squandering public money.
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Bibliographic details
Star (Christchurch), Issue 4813, 29 November 1893, Page 1
Word Count
186Contractors' Profits. Star (Christchurch), Issue 4813, 29 November 1893, Page 1
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