But if you spin it right... BBC News - London Olympics 'to come in £476m under budget'
So, £476m remains of the contingency, you know, there for risk and emergencies... I.e. not part of the actual budget. And this was AFTER they increased it four-fold from the original bid estimate...
If i managed budgets in this manner, my client would have me off site before he could get his shoe back from up my backside!
The £9.3bn budget, which included a £2bn contingency, was set in 2007 and was almost four times the estimated cost at the time London bid in 2005.
The budget was revised upwards after taking into account previously overlooked costs such as VAT, increased security costs, and an expanded brief for the Olympic Delivery Authority (ODA) to regenerate the lower Lea Valley area.
The budget was revised upwards after taking into account previously overlooked costs such as VAT, increased security costs, and an expanded brief for the Olympic Delivery Authority (ODA) to regenerate the lower Lea Valley area.
If i managed budgets in this manner, my client would have me off site before he could get his shoe back from up my backside!
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