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  • Potential for Further Budget Increases (Supplementary) [1]

    • Question by: Damian Hockney
    • Meeting date: 25 April 2007
    Sir Roy, how much of the £500 million construction contingency has so far been earmarked to be spent? There has been a lot of talk about this and a lot of rumours in the industry.

  • Potential for Further Budget Increases (Supplementary) [2]

    • Question by: Damian Hockney
    • Meeting date: 25 April 2007
    My only point really on this is that it is in that area where costs can so easily run away. In the industry, there are rumours; you speak to any of the major contractors or the journalists in the area, and they will tell you that £350 million of the £500 million has so far been earmarked, and that insiders within the ODA have told them this.

  • Potential for Further Budget Increases (Supplementary) [4]

    • Question by: Damian Hockney
    • Meeting date: 25 April 2007
    So it will not go to CLM (CH2M Hill International, Laing O'Rourke, Mace)? They will not be the people who will do it?

  • Potential for Further Budget Increases (Supplementary) [6]

    • Question by: Damian Hockney
    • Meeting date: 25 April 2007
    The fact that so few people appear to have tendered for the Aquatic Centre does that not concern you in terms of possibilities?

  • Potential for Further Budget Increases (Supplementary) [14]

    • Question by: Damian Hockney
    • Meeting date: 25 April 2007
    So if that £500 million contingency can last up to the end of next year, then how much more of the overall contingency budget that the Government has aside, which has been the cause of so much controversy, do you think you will need?

  • 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?