Monthly Archives: July 2014

And what was breakfast like for you?

Thursday, July 3rd, 2014

It’s all over and I’m more energised than tired.  Yesterday was the first event in our International Festival programme.  It was a breakfast event focussed on 60 Minute Business Boost: Energise, Fortify and Flourish 2 July @theHub  We’re quietly pleased at the positive response. It was a real kick meeting so many clients and contacts, and having the […]

Read more - Comments Off on And what was breakfast like for you?

What else is there outside the trinity of KPIs?

Wednesday, July 2nd, 2014

Key performance indicators (KPIs) are a positive means of illustrating that the value of your procurement operations is beyond “just” cost reduction and administration of orders. I will take it for granted that the trinity of delivery, quality and cost will already be included. Right?  RIGHT!? :) Measurement of parameters in a vacuum can be […]

Read more - Comments Off on What else is there outside the trinity of KPIs?

Using a force majeure clause

Tuesday, July 1st, 2014

This area is a minefield and, if you get it wrong, you will undermine your contract. If worded badly, a “force majeure” clause can provide a huge loophole to legally excuse contract performance. The parties in a contract must know the precise definition, scope of its usage and limitation of the clause. A brief definition […]

Read more - Comments Off on Using a force majeure clause

Where now for the EU Procurement Directives?

Thursday, June 5th, 2014

Public procurement is legally accountable for its decisions. Depending on the value of the specific purchase it will be subject to EU Procurement Directives. The existing Directives, harking back to 2006, could not be deemed to be a robust solution to effective procurement. The new Directives are complex, unproven and laden with potential bureaucracy. There […]

Read more - Comments Off on Where now for the EU Procurement Directives?

3 questions you should ask at the Festival

Wednesday, June 4th, 2014

Here at Brian Farrington (one of the world’s first procurement consultancies :) ) we’ve been thinking about the International Festival for Business and how to make it truly a valuable event for visitors and buyers. Our focus is buying, and we thought asking the following three questions would be helpful to you when meeting potential suppliers, vendors contractors […]

Read more - Comments Off on 3 questions you should ask at the Festival

4 ways to approach profit, innovation and risk

Friday, May 30th, 2014

No doubt you’ll have had a zillion notifications that the International Festival for Business kicks off next month and we’ve put a programme together for a what IFB2014 are calling “a different type of business trip” – hope you can save the dates? In developing our programme we gave a lot of thought about *who* exactly would be interested in our […]

Read more - Comments Off on 4 ways to approach profit, innovation and risk

A refresher on Performance Bonds

Monday, April 28th, 2014

Authoritative comment is vital when studying any area of law. Brian Farrington Ltd have extensively researched the broad subject of bonds. Here we provide a refresher on Performance Bonds. A requirement of a performance bond is not an uncommon occurrence on large projects and construction projects. Procurement specialists are usually presented with wording for the bond […]

Read more - Comments Off on A refresher on Performance Bonds