$64 million flushed away

Stuff reports: The Labour Government paid consultancy firms a whopping $64m for work establishing the now defunct Three Waters reform project – money that ultimately went down the drain. Stuff can reveal that multi-national professional services company PricewaterhouseCoopers (PwC) was the biggest winner – paid $35m for work it did on the project. Fellow “big four” companies EY […]

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Stuff reports:

The Labour Government paid consultancy firms a whopping $64m for work establishing the now defunct Three Waters reform project – money that ultimately went down the drain.

Stuff can reveal that multi-national professional services company PricewaterhouseCoopers (PwC) was the biggest winner – paid $35m for work it did on the project.

Fellow “big four” companies EY ($9.3m), Deloitte ($532,000) and KPMG ($352,000) also raked in the cash as the Government worked to hand control of water management to four big regional entities.

So if they were paying $200/hour then there was 320,000 hours of consultants spent on this daft project. That is equal to 160 person years of consultants.

The post $64 million flushed away first appeared on Kiwiblog.