The below Parliamentary question was asked by Kate Hollern on 2016-01-26.
To ask the Secretary of State for Defence, whether the contingency fund for the new generation of successor Trident submarines was based on a full quantitative risk assessment of the project.
Mr Philip Dunne
As set out in the Strategic Defence and Security Review 2015, we have set a contingency of £10 billion, which represents around 35% of the cost to completion. This is a prudent estimate based on past experience of large, complex projects, such as the 2012 Olympics.