A Scottish company has won a contract to operate the procurement system used by leading London organisations and projects.
The CompeteFor website helped the London 2012 Games open up its supply chain to competition. Over 163,000 businesses are registered on it, making it the fastest growing and largest database of businesses looking to win contracts in the UK, said Transport for London (TfL), which previously operated the site.
The Mayor of London "recognised its success and supports its further development", said TfL, which was tasked to carry on the site's operation until early this year.
Originally, there were plans to discontinue the site's operation, but it's life has now been extended, after ownership was handed to BiP Solutions of Glasgow, through a "service concession contract", the value of which is not known.
Crossrail, the largest construction and civil engineering project in Europe, has adopted CompeteFor. Over 90 per cent of the transactions on CompeteFor are business-to-business.
"The service has real potential to grow further and be utilised across further supply chains in both the public and private sectors,” said TfL. "CompeteFor's assets can be exploited by a private sector partner to generate revenue for a self-sustaining business model.”
To continue to run the site there is no financial contribution from the public sector. The deal with BiP Solutions includes the database content, the branding and identity, the domain names and goodwill.
The service concession contract has been awarded for four years, with an option to extend this by a further two years. The CompeteFor service will be available for all public sector buyers and their supply chains to use.