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• Question by: Jenny Jones
• Meeting date: 25 April 2007

I am already working with LOCOG, in fact, but I was concerned about your aspect of it and if that is something that you are working on?

• Question by: Jenny Jones
• Meeting date: 25 April 2007

One of my roles is as Chair of London Food, which is a Mayoral Commission, and we are trying to reduce London's ecological footprint. One of the legacy aspects of all the work that you are doing now is if we can encourage farmers to start producing food for the Olympics and beyond, local food, that will reduce our carbon emissions, reduce our ecological footprint. Do you feel you have enough advice on that at the moment? Do you feel it is something perhaps you could know more about? It is an issue both of capacity building within British farmers...

• 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?

• 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?