The LDA is responsible for London's economic growth and regeneration. Together with Transport for London, it is acting as the interim Olympic Delivery Agency to manage the initial stages of planning for the 2012 Games.
The tender process has taken a full year. The firms that pitched were informed of the results last Tuesday (29 November). Weighting was given to factors such as value for money and delivery of service.
It is understood that no contracts have yet been signed between the LDA and the successful firms as the rejected firms have the opportunity to appeal the decision because it was a public procurement process.
A seminar for the panel will be held next month to provide more information about which areas the firms are likely to be working in. These will include corporate, projects, real estate, litigation, sustainable development, re-generation and employment.
Work that will be carried out over the next months includes issuing tenders for major design and construction contracts and acquiring the remaining land necessary for the Olympic Park.