CLM's Olympic Delivery Fee Rises to £718m
16 February 2011
Although CLM has been praised by Olympic chiefs for keeping costs down the Construction Enquirer reports that the CLM consortium, overseeing construction of the 2012 Olympics, has seen its fee for delivering the job rise to £718m.
Some sceptics state that this fee will end up being one tenth of the project value. CLM consists of Laing O'Rourke, Mace and CH2M Hill. O'Rourke and CH2M Hill both have a 40% stake with Mace owning the remaining 20%. Their incentive is to drive costs down in the programme, time will tell on this huge project.
For more on this see CLM's Olympic delivery fee rises to £718m