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G4S Plc Announces Results of Review of London Olympic and Paralympic Games Security Contract


Friday, 28 Sep 2012 02:10am EDT 

G4S Plc announced that the principal findings of its review of the London Olympic and Paralympic Games Security Contract together with overall conclusions and a number of actions arising out of the review. It announced that the Company was capable of fulfilling the contract and the issue was in its delivery. Although the Company recognized the complex nature of the contract from an early stage, this was not properly reflected in its handling of the contract. The Company has management and other structures and processes that have proved effective in delivering the Company's regular business over years but it did not recognize these structures and processes needed augmenting for the Olympic contract. The monitoring and tracking of the security workforce, management information and project management framework and practices were ineffective to address the scale, complexities and dependencies of the Olympic contract. Together this caused the failure of the Company to deliver the contract requirements in full and resulted in identification of the problems at a late stage. The execution of the Home Office/LOCOG contingency plan including deployment of additional military and police together with a substantial contribution from the thousands of G4S employees who worked alongside them, led to a safe and secure games with continuously positive ratings on venue security from games visitors. G4S will take further actions, learning lessons from this contract. 

Company Quote

257.172
1.5 +0.59%
5:02am EDT