LONDON - The organizers of last summer's London Olympics say they have reached a commercial agreement with the G4S company over its failure to meet the terms of its security contract.
Organizers had to scramble to provide military personnel and other extra security after G4S admitted it could not fulfil its commitment to provide enough staff to police the summer games.
The organizing committee said Tuesday the company has agreed to an adjustment of 85 million pounds ($133 million) in the terms of the contract.
That includes 48 million pounds to cover the "all the additional military, police and other step-in costs" incurred by organizers because of G4S's failure and a reduction in the project management costs and operational costs paid to G4S.
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