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• Question by: Angie Bray
• Meeting date: 25 April 2007

And there are long term plans for financing these facilities beyond the Games, because, as we know, swimming pools for instance, are very expensive for somebody to take on, long term?

• Question by: Angie Bray
• Meeting date: 25 April 2007

So, for instance, in Hackney, there will be the opportunity for local communities perhaps to take over football fields, pitches and that sort of thing there?

• Question by: Angie Bray
• Meeting date: 25 April 2007

I was listening to what you were saying to John Biggs and I take on board that you have steering groups of all sorts looking at how you develop the facilities with their legacy beyond the Games in mind. Can I just seek some clarification then? Are you saying that you already have teams of people in place who are organising proper financial and business plans for these venues, so they can be seamlessly transferred after the Games to groups who will then be taking them on to use them in the future?

• 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?

• Question by: Bob Blackman
• Meeting date: 25 April 2007

So is that procedure set up or is it to be determined?

• 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?

• 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?

• 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?

• Question by: Bob Blackman
• Meeting date: 25 April 2007

What happens after the £500 million contingency reserve is exhausted? Where do you go next?

• 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?