Quote:
Originally Posted by getbak
The Vancouver games had a 13% cost overrun. As far as I can tell, their budget didn't include any contingencies for cost overruns.
The Calgary 2026 bid plan includes 25% of contingencies. If the Vancouver budget had included similar contingencies, it would have come in 9.5% under budget.
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Yup...and should it go forward (which i do believe will happen) I hope they are bang on with their predictions, though I question some of them.
And there is just this flat out fact....
Quote:
We find the following averages and medians for cost overrun in real terms:
All Games: average cost overrun is 156 percent (median 90 percent).
Summer Games: average cost overrun is 176 percent (median 83 percent).
Winter Games: average cost overrun is 142 percent (median 118 percent).
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https://eureka.sbs.ox.ac.uk/6195/1/2016-20.pdf