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  • Contingency (Supplementary) [6]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    Obviously you have not given us figures so, to a certain extent, we have got to conjecture what they are but, say, the cost of the Stadium in your budget is £250 million - I do not know if that figure is correct or not - and then you discover that, lo and behold, now £300 million is the true cost. Does that extra £50 million come from the contingency? What happens about that?

  • Contingency (Supplementary) [8]

    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    So is that procedure set up or is it to be determined?

  • 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) [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) [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) [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?

  • Contingency

    • Reference: 2007/0023-1
    • Question by: Bob Blackman
    • Meeting date: 25 April 2007
    Where do you anticipate the most likely pressures will occur that could result in having to use the contingency fund?

  • Jack Lemley (Supplementary) [6]

    • Question by: Bob Blackman
    • Meeting date: 15 November 2006
    Did you raise any of these concerns at meetings of the Board?

  • Jack Lemley (Supplementary) [7]

    • Question by: Bob Blackman
    • Meeting date: 15 November 2006
    Certainly when we had the appearance in front of the Assembly in the summer, I think everyone went away thinking, `This is tremendous, everything is on track'. This now seems to bring the confidence that we all had into some question. How can you give us assurances that things really are on track?