The Business of the Games

The Business of the Games PDF The Business of the Games RTF

This report from the Economic Development, Culture, Sport and Tourism Committee states that London’s small and medium-sizes businesses need more support from the Mayor and Olympics authorities to compete with multinational firms for contracts involved in the 2012 Games. The Committee makes the following recommendations to help businesses profit from the Games:

• Targets must be set for involving small firms in bidding for Olympic contracts, which are regularly monitored and published quarterly
• An ‘Olympic Mark’ for firms that meet procurement requirements
• A ‘one stop shop’ website with information about Olympic business opportunities
• The tendering process must be simplified, contracts need to be written in plain language and consistency across all tenders would reduce time spent applying for Olympics work.