Olympic Games 2012: Costs

House of Lords written question – answered on 7th June 2007.

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Photo of Lord James of Blackheath Lord James of Blackheath Conservative

asked Her Majesty's Government:

Further to the Written Answer by Lord Davies of Oldham on 20 April (WA 103), how detailed quantity surveyors' estimates were conducted as part of the funding negotiations for the 2012 Olympics, given the cost uncertainties and other uncertainties inherent in Lord Davies of Oldham's answer on 1 May (Official Report, col. 957) that decisions on the design of the Olympic stadium are to be taken by the Olympic board over the next two to three months.

Photo of Lord Davies of Oldham Lord Davies of Oldham Deputy Chief Whip (House of Lords), HM Household, Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)

The design of Olympic venues is following a standard Royal Institute of British Architects (RIBA) staged development process. At each stage, an appropriate level of cost analysis is being undertaken to reflect the stage of design and to provide the cost estimate for the project. All the estimates include contingency to allow for the impact of potential design changes.

The current exercise, which is being overseen by the Olympic board, will complete the design work, reviewing the brief against proposals for legacy use, costs and timetable within the boundaries of the candidate file and costs review. The result will be a more detailed design and a more detailed cost analysis.

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