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  • Contingency (Supplementary) [10]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    Sir Roy , what I am trying to get at is how does the contingency fund work to fund specific projects?

  • Contingency (Supplementary) [11]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    So the process will be that you would have to make an application, and that application would be considered in the due fullness of time. Or is there a time period in which that should be addressed?

  • Contingency (Supplementary) [12]

    • Question by: John Biggs
    • Meeting date: 25 April 2007
    Which one?

  • Contingency (Supplementary) [13]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    OK. You have this series of different projects, all with their own budgets within the overall budget, and you are going to put a series of contracts out to tender. Supposing, on the first one of those, you have a budget that says it is £250 million, but the cheapest cost comes in at £300 million. Does that mean the £50 million will come from the contingency fund, or does it have a knock on effect on the other budgets?

  • Contingency (Supplementary) [14]

    • Question by: John Biggs
    • Meeting date: 25 April 2007
    An important part of this then is anticipating the legacy use of the Park and its areas. Are you confident that that is not going to create a big area of risk for you in terms of contingency?

  • Contingency (Supplementary) [15]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    What happens after the £500 million contingency reserve is exhausted? Where do you go next?

  • Contingency (Supplementary) [16]

    • Question by: John Biggs
    • Meeting date: 25 April 2007
    But the things that you are building that will be there for the foreseeable future you are building to a long term specification?

  • Contingency (Supplementary) [17]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    Finally, what process is there for adjusting the prices within a contract once the contract has been let if unexpected costs arise?

  • Olympics Park and Venues (Supplementary) [1]

    • Question by: Darren Johnson
    • Meeting date: 25 April 2007
    So you are guaranteeing that we are seeing no reduction whatsoever in the amount of public open space?

  • Olympics Park and Venues (Supplementary) [2]

    • Question by: Darren Johnson
    • Meeting date: 25 April 2007
    So the other pieces of public open space which are not contained in this application will be in other applications or have been agreed already?