OK, it’s not the place of this blog to be in any way political. But this morning’s news from UK Culture Secretary Tessa Jowell that:
“The expected cost of the 2012 London Olympic park has risen 40% since the games were won in July 2005”
“Ms Jowell told the Commons culture, media and sport committee the rise was partly due to a doubling in the price of steel and also a decision to revise transport costs to take into account inflation in the years to 2012”
But hold on a moment. Let’s just have a little look on Google for a website showing steel prices to test the claims. Amazing how easily one can find proof that steel prices have indeed increased since the bid was won – but only by between 13% and 32%, depending on what type you’re buying (and following a fall of up to 10% in the month prior to the bid decision).
It gets better (or, rather, worse). The overrun:
“also included an extra £400m to pay “delivery partner” CLM to make sure the games came in on budget and on time.”
“The extra £900m cost was likely to be met by London council tax payers and lottery funds, Ms Jowell suggested.”
Let’s have a quick vote. If a bid in your organisation went this badly wrong, this quickly, would you expect those accountable to keep their jobs? Especially if their explanations were so blatantly, lamentably flawed?