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I am writing a research paper on the title shown above and any relevant journals, websites etc, would be much appreciated. Basically how the London 2012 Games is being procured in terms of the actual construction of the London 2012 Games
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How Time, Cost And Quality Issues Affect The Procurement Strategy Of The London 2012 Olympics?
Written on:August 12, 2009
Hi scott
References to the budget for the Games tend to focus on those costs that are to be publicly funded and therefore exclude the staging costs to be incurred by the London Organizing Committee of the Olympic Games and Paralympic Games (LOCOG), which is intended to be self-financing.As required by the International Olympic Committee, however, the Government is the ultimate guarantor of funding for the Games, including LOCOG staging costs.
At the time of Londons bid to host the Games the estimated gross cost of the Games was 4 billion comprising 2.992 billion core Olympic costs plus 1.044 billion for infrastructure on the Olympic Park. These costs were to be met by a public sector funding package of 2.375 billion for the core Olympic costs, 1.044 billion Exchequer funding for the infrastructure, plus an anticipated 738 million from the private sector.
The 9.325 billion budget announced in March 2007, which the Department for Culture, Media and Sport has told us represents the upper limit on the funding available for the Games from the public sector, is some 5.289 billion higher than the cost estimate at the time of the bid in gross terms Within this overall increase, the cost estimates (before deduction of anticipated private sector funding) for those elements which the Department defines as the core costs of the Olympics are 1.1 billion higher than the estimates at the time of the bid . However, these core costs exclude programme contingency, tax, and policing and wider security.
Regards
– Erichttp://video.game2p.com