According to the latest quarterly budget update published this week by the Department of Culture, Media and Sport, the Olympic Delivery Authority's “contractual close-out” costs rose on the Park's structures, bridges and highways by £12m.
At 31st March 2012, compared to the budget published on 31st December 2011, there was an £11m increase in the Athletes' Village construction costs, including a £5m bill for retro-fitting the apartments after the Games.
An increase of £3m on the International Broadcast Centre and Main Press Centre also reflects close-out cost pressures.
On the other hand, the ODA managed to make a saving of £8m from a reduction in delivery partner CLM's fee and IT cost savings.
But this £8m saving still puts the overall “programme delivery fee” for construction projects at the Olympic Park at £729m. As the website Construction Enquirer points out, this sum is higher than construction of the main stadium at £428m, the Aquatics centre at £253m, and the Athletes' village at £712m.
The ODA told Construction Enquirer that not all of the programme delivery fee would be payable to CLM, the consortium owned 40% by Laing O'Rourke, 40% by CH2M Hill and 20% by Mace.
The programme delivery fee was estimated at £647m in November 2007.