Adelaide Oval redevelopment for the designated period 1 July 2018 to 31 December 2018
This Report provides an executive summary of the matters arising from the audit for the three reporting terms of reference provided for in the Adelaide Oval Redevelopment and Management Act 2011.
No findings were raised with the Department of Planning, Transport and Infrastructure (DPTI) from our review of the current designated reporting period. However we note that while the redeveloped oval has been in use and meeting its intended purpose for some time, some outstanding defects are not yet resolved. There are continued delays in resolving some of the outstanding defects. It is important that DPTI works closely with relevant parties to finalise the outstanding defects and manage the completion of any remaining works promptly to limit further delays and ensure that a financial close out position for the project is achieved as soon as practical.
As highlighted in previous Reports, given that expenditure is approaching the statutory cap of $535 million and the uncommitted project contingency has reduced to a relatively small amount, the timely and effective management of remaining project works is required to ensure the statutory cap is not exceeded.