Category: Procurement

Evaluating tenders and making sure it’s a fair process is a rather complex process and the stakes are higher if the project is deemed high value or high profile. Getting the tender evaluation wrong can invalidate your contract award (assuming you work in the public sector) private sector procurement has a degree of flexibility but…

A balance sheet is a statement of the assets, liabilities, and capital of a business or other organisation at a particular point in time, detailing the balance of income and expenditure over the preceding period. How many of you actually read a balance sheet better than your non-procurement colleagues? Below are the finance ratios that…

The Public Regulations 2015 is part of UK law that binds all Contracting Authorities in the UK. Brexit will mean the law continues to apply unless repealed. Whether if there are any changes remain to be seen after we exit the European Union  

Do you have an exit plan? Typically in a tender, I ask for an exit plan upfront. It’s important that you have one. Contracts can end because: 1)  Contract has expired 2)  Termination for convenience. 3)  Termination because of default by either party. These are normally covered in a standard terms and conditions.  However you…