The majority of the massive fee has been paid to the Laing O’Rourke led CLM consortium overseeing the project.

The final set of Government figures before the Games begins show a “programme delivery” fee of £729m.

The figure means management costs came in higher than construction of the main stadium at £428m and the Aquatics centre at £253m.

The total cost of all the main venues on the Stratford site was £1,063m while the Olympic Athletes’ village also came in cheaper than the management fee at £712m.

CLM consists of Laing O’Rourke, Mace and CH2M Hill. O’Rourke and CH2M Hill both have a 37.5% stake with Mace owning the remaining 25%.

The Olympic Delivery Authority stressed that the delivery fee covers total management of the project by the authority and is not all payable to CLM.