CLM's OLYMPIC delivery partner contract is worth £400M, culture secretary Tessa Jowell revealed this week.
The consortium of CH2M Hill, Laing O'Rourke and Mace (CLM) was selected in August to project manage construction of the Olympic Park in the Lower Lea Valley as the ODA's delivery partner (NCE 7 September).
At the time ODA chief executive David Higgins would only con m the contract was worth 'in excess of £100M'.
But Jowell told MPs last week that the delivery partner role was worth £400M and said it was a cost not envisaged at the time London put forward its bid to host the Games.
'There is an additional cost of £400M to fund the delivery partner, ' said Jowell.
'But the delivery partner will ensure that the cost of the games is kept within budget.' The delivery partner cost was part of £900M that Jowell con med had been added to the budget by increased commodity prices, construction ination, the need to make the media centre a permanent structure.
It also includes a fee payable to the developers of the neighbouring Stratford City for the construction of the Athlete's Village.