Win London 2012 Olympics work on business 'dating agency' CompeteFor

£1.7 billion worth of Olympics-related contracts are still up for grabs, announced the organisers of the London 2012 Olympic and Paralympic Games last week. These contracts are set to generate thousands of additional business opportunities for the supply chains.

The majority of London Organising Committee of the Olympic and Paralympic Games' opportunities are due to be published on CompeteFor – a free online business “dating agency” service, designed by the London Development Agency (LDA), with the London Business Network and London 2012, that enables small and medium-sized businesses to compete for contract opportunities linked to the London 2012 Games and other major public and private sector buying organisations.

With a particular focus on supply chain opportunities, CompeteFor acts as a brokerage service, matching buyers with potential suppliers. It also facilitates access to focused business support, through the national Business Link network, helping to boost the long–term competitiveness of your business. Over 4,000 contract opportunities have now been published on CompeteFor since it started in January 2008 and almost a third of the contracts awarded through CompeteFor have been won by businesses based in London.

Originally developed to open up contracts from London 2012, CompeteFor has been recognised as an effective way to increase competition and open up procurement by the wider public sector and business organisations. The Greater London Authority ‘family’ - the London Development Agency, Transport for London, London Fire and Emergency Planning Authority, Metropolitan Police - now use the system routinely for their procurement of goods and services.  Westminster City Council has also adopted CompeteFor to strengthen its procurement code and support local businesses.

Registering on CompeteFor will bring you closer to accessing new business opportunities relevant to your sector. This service is delivered through a partnership between public and private sector organisations, working closely with the London Organising Committee of the Olympic and Paralympic Games (LOCOG) and the Olympic Delivery Authority (ODA).

Mike Mulvey, Chief Executive of London Business Network, said: "The London Business Network wants the capital’s business community to get the maximum benefit from the London 2012 Games.  With over 4,000 contracts published on CompeteFor, this innovative tool is helping businesses to access countless contract opportunities freely and easily.

"Over 26,000 London businesses are now registered on CompeteFor and with more London 2012 business opportunities up for grabs, more London-based firms are going to benefit from this system."

To register on CompeteFor, build a business profile by clicking here.

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