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Brisbane train stations to close for 10 months for $370m disability upgrade
(www.brisbanetimes.com.au)
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Yes it's a tradeoff between time and money. Successful contractors like to split their staff thin across many jobs rather than concentrate them on a few, the risks are lower and unintended delays are more easily absorbed.
Also it's common for 10 months at cost 'x' to really become 20 months and cost '2x' (especially if it was a highly competitive bidding process with multiple similar jobs available, which this might be).