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London 2012 ODA-LOCOG Cost Validation

2012 Games-time Training Venues

The facts

Location: Olympic Park, London
Clients: Olympic Delivery Authority (ODA)
Start / completion: 2009
Services provided: scope review, cost review, due diligence

The project

In July 2009, Capita Symonds’ Sport Leisure and Culture, and Cost Management teams were appointed by the Olympic Delivery Authority (ODA) to undertake a review and due diligence exercise on London Organising Committee for the Olympic Games’ (LOCOG) Cost Reimbursement Submission to the ODA for the 2012 Games.

As part of the ongoing review and development of its proposals for the 2012 Olympic and Paralympic Games, London has proposed alternative venues for a number of the sports, such as handball, fencing and volleyball. Many of these proposals involve the moving of the sports from proposed temporary or new venues to existing ones. As the ODA is responsible for the delivery of new facilities and LOCOG for the temporary overlay at existing ones, this has resulted in a transfer of responsibility for the delivery of these venues from the ODA to LOCOG.

In March 2009, LOCOG submitted a cost reimbursement claim to the ODA for the scope of the additional works that have become its responsibility. Capita Symonds was responsible for reviewing this claim in detail, both in terms of the scope of the changes and the estimated costs associated with them. This will enable the ODA to negotiate and agree an appropriate level of reimbursement with LOCOG.

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