07 September 2006 | Rebecca Ellinor
David Higgins, chief executive of the Olympic Delivery Authority (ODA), revealed last week that CLM had been selected as the preferred bidder in a deal worth more than £100 million. CLM and ODA will sign the contract this month, following the 10-day "standstill" period required by EU procurement regulations. The deal will run until 2013.
Higgins said CLM, a consortium made up of engineering firm CH2M HILL, construction firm Laing O'Rourke and project managers Mace, represented best value for money.
CLM will receive financial benefits if it performs well on budget, deadline, sustainability and health and safety targets.
Higgins said: "Performance is going to be rewarded by fees. I hope it will be profitable for CLM because, if so, it means that everything will be delivered on time."
Targets will be set over the first 90 days of the contract.
Higgins said CLM will be rewarded annually and at the end of the work if it achieves its goals. It will perform a project management role for the ODA to deliver the venues and infrastructure for the 2012 games. Its role is not to build venues or infrastructure, contracts for that will be let separately.
ODA chairman Jack Lemley said he and Higgins remain accountable for the successful delivery of the games.
ODA said all three companies in the consortium have significant experience on similar projects. Between them they have worked on five previous Olympic summer and winter games.