Monthly Archives: June 2016

BREXIT – PROCUREMENT – WHAT NEXT?

Friday, June 24th, 2016

BREXIT – PROCUREMENT – WHAT NEXT? The Nation has spoken! In our article dated 20/06/2016 we pointed out that there were implications for procurement. Article 50 of the Lisbon Treaty now applies. At paragraph 1 it states that ‘Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.’ […]

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Incoterms® EXW (Ex Works)

Thursday, June 23rd, 2016

Incoterms® EXW (Ex Works) Expert knowledge is required by those using any of the Incoterms®. We highlight the pitfall(s) for those nominating EXW as the basis for the deal. What does it mean? At first sight it seems simple. All Incoterms® define the responsibilities of buyer and seller. A common misunderstanding is that with EXW […]

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Procurement Fraud! Will it Ever Stop?

Tuesday, June 21st, 2016

Procurement Fraud! Will it Ever Stop? The perpetrators of procurement fraud have almost endless opportunities to commit fraud. We have another example for you. It concerns construction procurement, so there is no surprise there. The case investigated included bids for projects, some of which was either (1) fraudulent or (2) from a company owned by […]

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BREXIT – PROCUREMENT IMPLICATIONS

Monday, June 20th, 2016

BREXIT – PROCUREMENT IMPLICATIONS We are all sated with Brexit and Remain. The whole process hasn’t lacked media exposure. We haven’t seen anything aimed at the impact the final decision will have on procurement. Let us assume the verdict is to leave the EU. There is an argument that this will rid procurement of the […]

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Contract Law – Obiter Dicta

Monday, June 13th, 2016

Contract Law – Obiter Dicta What is said by a court, by way of statements of law which go beyond the requirements of the specific case and which lay down a rule that is irrelevant or unnecessary for the purpose in hand, are called obiter dicta. “Obiter dicta” literally translates as “things said by the […]

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Why Isn’t Fraud Found Earlier? – An Indictment!

Thursday, June 9th, 2016

WHY ISN’T FRAUD FOUND EARLIER? – AN INDICTMENT! We have, in the past, heard our clients say ‘It couldn’t happen here.’ This is a genuinely held belief when it comes to fraudulent practice. Our professional work requires continuing research into ‘goings on’ that impact on our work and our client’s corporate reputation. Events at the […]

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Letters of Intent: The Five Golden Rules

Wednesday, June 8th, 2016

LETTERS OF INTENT THE FIVE GOLDEN RULES There are 5 golden rules for Letters of Intent (LOI)! Only permit their use in exceptional circumstances Prescribe who has the authority and accountability to issue them Set a financial limit that must not be exceeded by the contractor Define what has been agreed (and not agreed) at […]

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