Security firm G4S are being pressured by MP's to decline to accept the £57million, yes £57 million, that they claim to be entitled to as part of a contract after being hired during this Summer's Olympics. However a slight problem with this is that they did not do their job properly. They were hired to help to make our home, once in a lifetime Olympic Games a safe and secure one. But the company failed to supply the sufficient amount of staff that was required and agreed. It is now clear that G4S were over ambitious and agreed to terms beyond their capabilities.
However G4S have said the £57m management fee was "substantially" real costs not profit.
But Keith Vaz who's is the committee Chairman for this case said the firm had delivered
an "11th-hour fiasco" after "recklessly boasting" of what they were able to offer.
G4S admitted last month that the Olympic contract had cost it
£50m after it failed to deliver the 10,400 Olympic security guards
needed in time. The government was forced to turn to the military for the extra staff, for which G4S confirmed it would pay.
This story will no doubt rumble on. Good luck G4S, you may be struggling for a case here.
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