Category: Procurement

  • Procurement Managers Balance Sheet & Finance Ratios

    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…

  • Public Regulations 2015

    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 Brexit will mean the law continues to apply unless repealed.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  

  • Procurement Exit Plan How to Prepare

    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…

  • OJEU Standstill Period

    OJEU Standstill Period

    The OJEU standstill period is really important because a simple admin error could invalidate your whole tender on the basis of a claim of ineffectiveness. The standstill period is 10 days but you need to remember a few things! The letter should be sent via email or other electronic means such as a procurement portal…