Olympic contracts

Two-Thirds of Olympic Contracts Won by Small Firms

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... »

London 2012 Olympics

Two-thirds of Olympic contracts go to SMEs

More than two–thirds of Olympic contracts have been awarded to small firms, according to the Olympic Delivery Authority (ODA). Of the 801 businesses that have already won more than £3.5 billion of work supplying the ODA, more than 68% are small and medium–sized and 98% are UK based. The ODA also revealed that small businesses make up nearly 92% of the 42,500 companies registered on CompeteFor, the ‘dating agency’ website which aims to match businesses with London 2012 supply chain opportunities. The figures appear to overturn concerns raised by business groups that small and medium–sized enterprises (SMEs) are being overlooked for Olympic contract opportunities in favour of large suppliers. Earlier this year, research from the Confederation of British In... »