Serious Fraud probe £112m Unite union hotel

[Captain Caveman]

Serious Fraud Office probe £112m Unite union hotel

Unite spent £112m of its members’ money on the project in Birmingham, the BBC has been told.

www.bbc.co.uk

The Serious Fraud Office is investigating the construction of a hotel and conference centre owned by one of the UK’s biggest trade unions, the BBC can reveal.

Unite the Union spent a total of £112m of its members’ money on the project in Birmingham.

The building has since been valued at just £29m, suggesting £83m has been wasted.


Unions have always been a waste of money, they always take the Michael out of it's dumb members. This time, who's robbed £83m of the subs.





The contractor just happens to be friends of the Unite Union boss. Always Lefty corruption.

 

[ThunderKiss1965]

Unions the world over haven't been about the workers for a long time now. It's about money and political power. That £83m was "lost" in the pockets of Union leaders and politicians.

I was in a Union a long time ago, our Rep came around during election time to let us know who we where voting for. After I informed him I would not vote for who the Union selected and make my own decision I stopped getting job calls, but they still expected me to pay my dues every week.

 

[Dekster]

Serious Fraud Office probe £112m Unite union hotel

Unite spent £112m of its members’ money on the project in Birmingham, the BBC has been told.

www.bbc.co.uk

The Serious Fraud Office is investigating the construction of a hotel and conference centre owned by one of the UK’s biggest trade unions, the BBC can reveal.

Unite the Union spent a total of £112m of its members’ money on the project in Birmingham.

The building has since been valued at just £29m, suggesting £83m has been wasted.


Unions have always been a waste of money, they always take the Michael out of it's dumb members. This time, who's robbed £83m of the subs.





The contractor just happens to be friends of the Unite Union boss. Always Lefty corruption.

Perhaps, but it is also reported that they kept changing the design of the building all the way through and required materials be British manufactured and all the workers be unionized labor. All these things inflated the costs without necessarily adding a lot of value to the property. I am guessing if I required my house be built from hand-crafted naturally harvested materials it would drive up the cost and the market would still value a 2 X 4 as a 2 X 4 in the end, not a work of art.

 

[Captain Caveman]

Perhaps, but it is also reported that they kept changing the design of the building all the way through and required materials be British manufactured and all the workers be unionized labor. All these things inflated the costs without necessarily adding a lot of value to the property. I am guessing if I required my house be built from hand-crafted naturally harvested materials it would drive up the cost and the market would still value a 2 X 4 as a 2 X 4 in the end, not a work of art.

I'm City & Guilds qualified in the UK and the only way I can see them losing £84m on changing their minds with materials and the choice of workforce, would mean they rebuilt the hotel a few times over. Most of the money has been syphoned off, it's a case of how well they've disguised it by using examples of changing material ideas etc..

 

[Dekster]

I'm City & Guilds qualified in the UK and the only way I can see them losing £84m on changing their minds with materials and the choice of workforce, would mean they rebuilt the hotel a few times over. Most of the money has been syphoned off, it's a case of how well they've disguised it by using examples of changing material ideas etc..

They added a floor and upgraded the interiors so the hotel would be 4 star, not 3 star. Since 2020, the cost of building materials in the UK have risen almost 40%, and being City & Guild qualified should also qualify you to know that valuations are based on the market not the costs.

 

[Captain Caveman]

They added a floor and upgraded the interiors so the hotel would be 4 star, not 3 star. Since 2020, the cost of building materials in the UK have risen almost 40%, and being City & Guild qualified should also qualify you to know that valuations are based on the market not the costs.

Correct, I do, and that's why most of the money has been embezzled. I'm not a big player in construction so I don't get the big discounts. Most of my jobs is just at Joe Public prices, so I'm actually quite well aware of the what the "final" price would be roughly around.

There was a 1/3rd rule -

1/3rd was the cost of land, 1/3rd was the cost to build, and 1/3rd was the profit.

Then the half rule -

Half of the cost to build is materials, the other half is labour.

So basically to price an extension, work out the materials, then double it. Or ballpark figure, just quite £xxxx per square metre.

I have a copy of Spons Builders & Architects pricing book. Quite outdated now but it gives me the breakdown on work. Despite it showing more expensive prices, you still couldn't lose £84m on a hotel contract.

It's either one of two two things, hopelessly sheer crap management and construction company, or, fraud. My bet is on fraud, but like I said, probably well covered up.

If Americans want a similarity, Hillary Clinton.

 

[Deadstick]

Serious Fraud Office probe £112m Unite union hotel

Unite spent £112m of its members’ money on the project in Birmingham, the BBC has been told.

www.bbc.co.uk

The Serious Fraud Office is investigating the construction of a hotel and conference centre owned by one of the UK’s biggest trade unions, the BBC can reveal.

Unite the Union spent a total of £112m of its members’ money on the project in Birmingham.

The building has since been valued at just £29m, suggesting £83m has been wasted.


Unions have always been a waste of money, they always take the Michael out of it's dumb members. This time, who's robbed £83m of the subs.





The contractor just happens to be friends of the Unite Union boss. Always Lefty corruption.

We can't have unions can we, just follow the Pinochet credo, behave yourself.

 

[Deadstick]

Unions the world over haven't been about the workers for a long time now. It's about money and political power. That £83m was "lost" in the pockets of Union leaders and politicians.

I was in a Union a long time ago, our Rep came around during election time to let us know who we where voting for. After I informed him I would not vote for who the Union selected and make my own decision I stopped getting job calls, but they still expected me to pay my dues every week.

So when your union negotiated a wage rise or better working conditions did you refuse them?

 

[Dekster]

Correct, I do, and that's why most of the money has been embezzled. I'm not a big player in construction so I don't get the big discounts. Most of my jobs is just at Joe Public prices, so I'm actually quite well aware of the what the "final" price would be roughly around.

There was a 1/3rd rule -

1/3rd was the cost of land, 1/3rd was the cost to build, and 1/3rd was the profit.

Then the half rule -

Half of the cost to build is materials, the other half is labour.

So basically to price an extension, work out the materials, then double it. Or ballpark figure, just quite £xxxx per square metre.

I have a copy of Spons Builders & Architects pricing book. Quite outdated now but it gives me the breakdown on work. Despite it showing more expensive prices, you still couldn't lose £84m on a hotel contract.

It's either one of two two things, hopelessly sheer crap management and construction company, or, fraud. My bet is on fraud, but like I said, probably well covered up.

If Americans want a similarity, Hillary Clinton.

You assume they lost 84m based on some valuation by somebody. Maybe it would fetch quite a bit more than that person's estimate. Our house is valued almost half for tax purposes of what the insurance company values it at for insurance purposes and I suppose if I wanted to borrow money on it, the loan value would be somewhere in between the two since most existing homes in this area are going for about 150% tax value.

 

[Captain Caveman]

We can't have unions can we, just follow the Pinochet credo, behave yourself.

No, work in the job that you enjoy. Unions always fuck the workplace up and the idiots fund them.

 

[Captain Caveman]

You assume they lost 84m based on some valuation by somebody. Maybe it would fetch quite a bit more than that person's estimate. Our house is valued almost half for tax purposes of what the insurance company values it at for insurance purposes and I suppose if I wanted to borrow money on it, the loan value would be somewhere in between the two since most existing homes in this area are going for about 150% tax value.

A union is involved, millions are involved, best mates are involved. If you're surprised that £millions disappeared.......I suggest you re-evaluate yourself.

 

[Deadstick]

A union is involved, millions are involved, best mates are involved. If you're surprised that £millions disappeared.......I suggest you re-evaluate yourself.

You don't know what it is that people are involved in, have you any idea what this Country would be like with no Unions? now i know your pal Thatcher did her best to destroy them and almost pulled it off because of idiots like you.

 

[ThunderKiss1965]

So when your union negotiated a wage rise or better working conditions did you refuse them?

The everybody gets a raise or no one works mentality.

 

[ThunderKiss1965]

You don't know what it is that people are involved in, have you any idea what this Country would be like with no Unions? now i know your pal Thatcher did her best to destroy them and almost pulled it off because of idiots like you.

If it was 50 to a 100 years ago you would be correct. Modern world that shit doesn't work with almost instant world wide communications and companies actually caring about their public image unions are an antiquated institution that fleeces their members for money and political power.

 

[Captain Caveman]

You don't know what it is that people are involved in, have you any idea what this Country would be like with no Unions? now i know your pal Thatcher did her best to destroy them and almost pulled it off because of idiots like you.

You need to get over ThDS

 

[Captain Caveman]

We can't have unions can we, just follow the Pinochet credo, behave yourself.

Try self employment, then you won't be a prick about work.

 

[Deadstick]

Try self employment, then you won't be a prick about work.

I have and at a time when Thatcher almost doubled VAT overnight almost putting me out of business.

 

[Deadstick]

If it was 50 to a 100 years ago you would be correct. Modern world that shit doesn't work with almost instant world wide communications and companies actually caring about their public image unions are an antiquated institution that fleeces their members for money and political power.

Try living in a Country where there are no Unions.

 

[Deadstick]

The everybody gets a raise or no one works mentality.

What the hell are you barking about?

 

[ThunderKiss1965]

Try living in a Country where there are no Unions.

They are obsolete. Enriching Union leadership and politicians.