G4S expects full Olympic payment

The head of the security firm G4S has said he expects the firm to be paid the full £235 million for the Olympics even though they failed to deliver.

G4S admitted last month that the Olympics had cost it £50 million after it failed to deliver on the amount of security guards needed, but he stated that he expects the games organisers to pay saying: “I expect them to pay us absolutely in line with the contract. That’s exactly that contracts are for”

London 2012 Chairman Sebastian Coe told the committee: “It is difficult to look beyond their inability to deliver on the contracted number of security personnel that we were consistently assured by them that they would be able to deliver.”

LOCOG stopped payments after G4S said it would not be able to deliver, they had already paid the firm £90 million but they have now said the remaining payment is now up for negotiation.

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