G4S should wave £57m fee

A committee of MPs have urged security firm G4S to wave a £57m management fee for their failure to deliver on Olympic security.

Committee chairman Keith Vaz said the firm had delivered an “11^th hour fiasco” and recklessly boasted that it could meet the terms of its contract.

In response G4S said the £57m was for costs and not profit, but that’s not really the point, it’s not about what the money is for or what it will go towards, it’s about whether they should be paid it and the answer is no.

They messed up the most important contract they’re ever likely to be given, they totally compromised the delivery of the games and worst of all compromised the safety and well being of the millions who attended, and had to be bailed out last minute by our armed forces, who as usual did a sterling job.

What’s far worse than this is the flippant attitude of Nick Buckles the chief exec of G4S who, at a select committee hearing, told a group of MPs that he expected games organisers to pay his company the full £237m as stated in their contract.

Currently G4S have been paid £90m for their services with the other £147m said to be up for negotiation, I think G4S should consider themselves lucky they’ve been paid at all and not have the audacity to ask for full payment despite failing so badly.

G4S can end the negativity and criticism levelled at them by doing three simple things,

1.      Wave the £57m management fee

2.      Don’t ask for another penny of the £147m that’s up for negotiation

3.      Sack Nick Buckles