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The company said it had forecast costs of about $150 million.
It adds: "Yet only seven months later the department chose to delay the whole project, adding £674m to forecast costs".
A cost study in Missouri concerned a proposed photo-ID law forecast costs of $6m the first year and $4m recurring.
The National Audit Office has highlighted "a broad pattern…where increased forecast costs for venues are offset by reduced forecasts elsewhere including site preparation and infrastructure".
"One reason for increased forecast costs was the global slump in fossil fuel prices, a development which energy market experts in general were not expecting".
She said the company had shown "a lack of ability to forecast costs and to set prices appropriately and seemed to have difficulty managing costs to the degree that other companies are achieving".
Similar(50)
The contingency fund had been added to the newly-increased forecast cost of £31bn.
It had set aside £8m for the eviction – bringing the total forecast cost to £18m.
The company forecast cost increases of 10 to 11 percent for the year and has raised its prices to offset that pressure.
The sale price stands in stark contrast to the construction cost of purpose-built racing circuits: a new 3.5-mile track, which is set to rival Silverstone, is being built in Wales at a forecast cost of £250m.
The Department for Work and Pensions said the ESA proposals were not government policy, but that they reflected ministers' search for a solution to the backlog of claims for ESA and its higher than forecast cost.
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