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The World Cup in Rio de Janiero in 2014 experienced major cost overruns. One overrun was transporting prefabricated grandstands, which was initially estimated to cost $4,700 but the construction consortium billed $1.5 million due to poor communication between the government and construction team. Another major overrun was $28 million spent on excess steel due to wasteful cutting practices and poor planning. A third driver of high costs was $16 million lost when the government failed to enforce fines against

Author

Vanessa Merenda

Language

EN