[Barrie Yates]

LCC must reduce expenditure - they have to meet the cost of Pennine Reach, not just the bus stations but the road changes as well.
As the contracts are running behind the completion dates are the contractors going to be responsible for the cost overruns?
All the major contracts I have worked on had penalty clauses - UK, USA, Saudi Arabia, Bahrain, Germany. Of course the contracts were drawn up by professionals on both sides of the table.