An email I received... (sorry bout the length)
The Hotel Grand Chancellor is a story that needs to be told. Maybe a book someday! It was finally announced on Wednesday but it is the story behind the delay that is interesting. This story also applies to the rebuilding and repair of Christchurch which Fletcher Building are overseeing.
The tender was to RCP (project managers for council) but was passed over to CERA once they arrived. CERA is staffed entirely by Fletchers employees.
CERA delayed the announcement for a month to enable Fletchers to study the other tenderers info & submit a late bid. The day it was submitted CERA awarded them the tender. Fletchers price was 3 million higher than anyone else's!
Fletchers have no intention of doing the demolition, taking the risk, or putting up the bond to cover the risk. They are just appointing themselves as project managers to clip the ticket & then getting the original tender winners to do the work.
How did they get away with it? Do a companies search on Fletchers.
http://www.business.govt.nz/companies
They just got bought by the Reserve bank! RBNZ owns 275 million Fletcher shares while Hugh Fletcher now only has 5000. Its a SOE. A Govt department!!
They bought themselves an income stream. They direct all the profits from the recovery straight into their own pockets instead of allowing the people of ChCh to make a bit each to help them recover.
You have to admit it is clever!!
But how on earth did they keep it out of the media?: NZ's largest Co gets bought by Govt & it doesn't make even the tiniest news report? Really???
Here are a few questions for you to think about (oh, I'll make it easy: I will give you the answers as well)
Q. Who appointed RCP (Resource Coordination Partnership Ltd) as Project Managers for the management of 'critical buildings' following the February
22nd earthquake?
A . Christchurch City Council under instructions of the NZ Government
Q . Who appointed CERA?
A . NZ Government.
Q .. Who appointed Fletcher Building to manage the demolition works and then, reconstruction works?
A .. NZ Government firstly, then CERA
Q . Who is the main single shareholder of Fletcher Building?
A .. NZ Government.
Q . Who called for the tenders for the demolition of the Grand Chancellor?
A . RCP
Q .. Who is to be the Principle to the demolition Contract (i.e. the Payer)
A . The Crown (NZ Government).
Q . Who assessed the Tenders for the Demolition of the Grand Chancellor?
A . RCP
Q . Who has been awarded the Grand Chancellor job (at whatever price and/or conditions)?
A . Fletcher Building
Q . Who will make the profits?
A . Fletcher Building (and it's Shareholders)
Q . Who is the main shareholder of Fletcher Building? (I know, I already asked this one, but it could be a trick question)
A . NZ Government as the Reserve Bank of New Zealand(no trick question, sorry)
Q . Who has been blind-sided?
A . Everyone involved in the (supposed) tender process firstly, but more importantly, the people of Christchurch and New Zealand who thought that
they lived in a first-world economy.
Q . What are the ramifications?
A . Immediate loss of confidence by all independent Consultants and Contractors in the tender process if CERA, RCP or Fletcher Building are
involved jointly or singularly in a government sanctioned role, for fear of a continued potential for a monopoly and huge profiteering there from.
Q . Who are the winners?
A . Fletcher Building and the NZ Government, along with the other Financial institutions that form the majority shareholders in Fletcher Building.
Q. Who are the losers?
A . The property owners, their tenants, clients and customers, along with everyone in New Zealand who believes in a 'level playing field', all the
people of Christchurch, and all the people of New Zealand that have supported, volunteered their time and/or donated their hard earned, tax-paid
monies to the recovery following the devastating events of February 22nd.”
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Originally Posted by Hellzie
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