Thursday, May 13, 2010

Consultants readying for action

The big four consulting firms, KPMG, PricewaterhouseCoopers, Deloitte and Ernst & Young, have been busy preparing themselves for Brazil 2014 and Rio 2016 and are poised to win significant work over the coming months and years. All are banking on their wealth of expertise gained on other major event projects in many other countries to hone their approaches in the Brazilian market, utilising their international teams and sports “knowledge” centres located elsewhere as a crucial aspect of their local offering.

Key services being offered for the events include works and finance auditing, risk management, viability studies and assistance with the all important Public Private Partnership model, which will be used for numerous projects, including a bunch of the stadium developments. Importantly, the firms will also be seeking to clarify and define the opportunities for private capital and investments in the two events, with the general consensus being that up to this point it is still difficult to determine exactly how many projects will unfold and where the best prospects lie.

A smaller rival, Terco Grant Thornton, is also getting in on the action and has set up a specialised team of around 100 to work on sport and major event projects in conjunction with international partners within the group.