Firms seek Olympic contracts

Oct 28, 2008

More than 130 traceable contracts have so far been awarded to businesses across the South East region, 24 of which having been won by companies in the Thames Valley.

CompeteFore was set up by the South East England Development Agency in April this year and has secured eight contracts for local companies, with an estimated total value of more than £2 million.

Across the South East a further 78 companies have been shortlisted in their tender for contract process which, with 100% success rate, would generate an estimated total of £6.5m of business in the region.

The free business ‘dating agency’ website acts as a brokerage service between buyers and potential suppliers. More than 39,000 companies have registered nationally for supply chain contracts, with some 650 already having been matched up to provide an estimated £2bn worth of services for the Games.

Across the South East, a total of 6955 businesses have recorded their details in CompeteFor’s registration process. In the Thames Valley area, 1109 companies to date have registered, 471 of which are now ready to tender having completed their pre-qualification.

Sixty three opportunities have been posted on CompeteFor in the past fortnight, and a further 238 are recorded as being ‘in the pipeline.’
Once a company has completed their registration and has been published on the site, they automatically receive news of future tender opportunities and are matched to the buyers.

Contract opportunities span a wide range of sectors including Accommodation, Business services and consultancy, Communications, Construction, Education and training, Electronics and IT services, Engineering and maintenance, Equipment hire and supply, Leisure, Logistics, Manufacture, supply and install, Media and broadcasting, Recruitment, Retail, Safety, health and environment, Utilities and Welfare.

SEEDA chair Jim Brathwaite said: “At this time, this is one of the good news stories for businesses in the South East, who are really seeing the terrific opportunity that 2012 represents. CompeteFor is proving to be a powerful tool to unlock the potential for business.”

He urged more companies to register.
The Olympic Delivery Authority estimates that 75,000 contracts, worth approximately £6bn, are to be won in the lead up to and duration of the Games.

ODA chairman John Armitt said: “We want to work with the best of British business, large and small, to deliver the venues and infrastructure for the London 2012 Olympic and Paralympic Games and a lasting legacy.”

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