Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DB
# of Projects: 1
100% of the Results

Background informationProject Created: June 25, 2009

Project Name: London Olympic Stadium
Year in Operation:
Sector: Buildings
Subsector: Other Government Building, Sports Venue
Status: Design / Construction
Type: New Facility
Description: The venue will be the centerpiece for the London 2012 Olympic Games and will host the opening and closing ceremonies as well as the track and field events. The stadium is dismountable, a feature that is used to promote the idea that it was designed for "sustainable development."
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: A consortium of several firms was selected to design and build the facility. The "owner" is the London Organizating Committee for the Olymic Games (LOCOG).

Project Locations

Address:
City: London
State:
Country: United Kingdom of Great Britain & Northern Ireland

Address:
City: London
State:
Country: United Kingdom of Great Britain & Northern Ireland

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Access to the land for the stadium is granted by the London Organizing Committee for the Olympic Games (LOCOG), a limited company owned by the Government of the United Kingdom.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

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Checkbox Checked

Direct Cash Support: The Government of the United Kingdom and the Olympic Organizing Committee financed the project. Revenues from the games are expected to reduce the overall amount of the investment..

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for both initial design and construction with a single entity. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
4
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: November 7, 2007
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)
Array ( )

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