Two-Thirds of Olympic Contracts Won by Small Firms
Small firms have won 68 per cent of the contracts advertised so far by the Olympic Delivery Authority (ODA) for London 2012, new figures have revealed.
ODA records show that 1,036 suppliers have won contracts worth a total of £5 billion since January 2008. Suppliers are spread across the UK, with 46% based outside of London.
“Businesses of all sizes and from every sector are working together to deliver the largest project this country has seen for generations and are reaping the benefits of millions of pounds worth of work,” said ODA chairman, John Armitt.
“A Scottish company has won a contract to build the basketball structure and a Northern Irish company is constructing the main pedestrian bridge within the Olympic Park.
“There are still golden opportunities up for grabs throughout the UK-wide supply chains, so companies should sign up to the CompeteFor website to be part of a unique opportunity to showcase UK plc to the world,” he added.
CompeteFor.com is a free website launched last year to match businesses with relevant Olympic contracts.
According to an ODA spokesman, a further 6,000 contracts will become available through the ODA and the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG). They anticipate that much of this work will be passed on to create a further 75,000 sub-contractors.
Although many of the contracts will be construction projects, there are opportunities for other types of business, including cleaning and catering firms.
“The figures show that the ODA has made an effort to get small firms involved in bidding for contracts, which suggests that they are recognising that many small businesses have a lot to offer,” said British Chambers of Commerce spokesman, Sam Turvey.
“Small firms can’t afford to sponsor the Games like large organisations and brands can, so these contracts are a way for them to benefit from the event,” he added. “If a firm is pitching for a contract for the Olympics, it needs to do its research and know what it is bidding for, to ensure it doesn’t waste resources and that the tender is worth sending in.
“Although 68% is a decent percentage, we would like to see that number increase to reflect the fact that 99 per cent of firms in the UK are small to medium-sized,” said Turvey.
For more information about tendering for Olympic contracts and to register online, visit the CompeteFor website