How to build an Olympic Games

摘要

The idea of an olympic legacy was pivotal to London's successful bid for the 2012 games. Large parts of London are to be regenerated, sports and other facilities are to be created and investment in infrastructure is to stride ahead. Yet while we ponder the vast sums to be ploughed into creating that legacy, the question is, how can the money best be spent? The government, which is by far the biggest source of construction spending, has invested substantial resources in procurement. It wants to get value for money, and to be seen to be getting it, partly by streamlining the way it procures. The Treasury has provided guidance on the suitability of the PFI as a procurement model for projects, taking into account value for money and the proportionality of transaction costs.