Olympics procurement to further boost UK economy

20 October 2009

21 October 2009 | Jake Kanter

The London Olympics still presents a "massive opportunity" for UK suppliers, Lord Coe, chairman of the 2012 organising committee, said this week.

Deals totalling up to £6-7 billion can be won as preparations for the games hot up, said Lord Coe, speaking at a Telegraph Media Group event last night. "We have got to purchase a million pieces of sporting equipment, we need 17,000 beds, so further down the supply chain there are any number of opportunities."

He added that steel for the Olympic stadium is from Bolton, while steel used in the aquatics centre was sourced from South Wales.

"We've just procured 27 temporary bridges, a contract that has protected jobs for two and a half years in the England-Wales borders. The procurement opportunity across the UK is massive."

There are now just over 1,000 days to go to the opening ceremony.

Meanwhile, Lend Lease and the Olympic Delivery Authority have today confirmed the second tier-one contract on the Athletes Village project in Stratford has been awarded to John Sisk and Son. The first tier-one deal was awarded to Ardmore and a further two tier-one agreements will be announced before the end of the year. All contracts relate to the vertical build of some of the residential plots.

* A feature on procurement for the London 2012 games will appear in Supply Management on 5 November


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