Monthly Archives: September 2012
Friday, September 28th, 2012
Health warning – IT Procurement This risk briefing paper is based on an audit report issued by the New York City Comptroller. On April 1, 2005, the Department of Information Technology and Telecommunications (DOITT) contracted with Hewlett-Packard Company (HP) as systems integrator for the Emergency Communications Transformation Program (ECTP) to transform and consolidate the City’s […]
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Friday, September 28th, 2012
We’ve tendered the requirement, undertaken due diligence, sought and obtained executive approval, awarded the contract and debriefed the unsuccessful contractors. Job done? No – it’s only just begun. Now the Contract needs to be managed. I recently heard a Contractor state that his first action on being awarded a contract was to open a Claims […]
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Friday, September 28th, 2012
Due Diligence This is a term more usually associated with financial transactions, such as business acquisitions. It is unthinkable that anyone would purchase a business without conducting due diligence. Due diligence may be defined as: Due diligence serves to confirm all the material facts with regard to a tender for the provision of goods or […]
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Wednesday, September 26th, 2012
Key Performance Indicators The risk of not knowing how a supplier is performing is unacceptable. Our risk auditing services regularly provide evidence that no KPI’s exist or have not been subjected to rigorous scrutiny before they have been included in a contract. We dealt with a contract for the provision of security services to a […]
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Friday, September 14th, 2012
The Scottish Building Federation recently reported some interesting findings. Its’ survey results indicated companies were spending huge sums on unsuccessful bids. The probability of winning a contract was reported as 1 in 36, remarkably similar to the odds of betting on a single number at a casino. It further claims that two-thirds of companies have opted out […]
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Thursday, September 13th, 2012
The proposed BAE Systems and EADS “merger” has prompted me to reflect on the impact of changes in company structure, in particular takeovers and the subsequent effect on a buying organisation. Whilst the BAE EADS fusion is far from a done deal, other mergers have not necessarily benefited customers. When I first studied Mergers and […]
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Monday, September 10th, 2012
Auditing the Auditor The 2011/2012 report by the Auditor General, Singapore, provides some fascinating reading. Not least of which is the report into lapses in selection of Firms for Audit Shared Service Scheme. The Auditor General’s Office (AGO) audited the “Request for Proposal” (RFP ) called by the Singapore Sports Council (SSC) to select a […]
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