Monthly Archives: September 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 […]

THE PROCUREMENT OF INFORMATION TECHNOLOGY Introduction Brian Farrington Limited (BFL) have been involved in many IT procurements of varying value and with varying degrees of corporate risk attached to them. There are frequently challenges for IT and Procurement specialists. Not the least of these challenges is the purchase of technology that neither IT nor Procurement […]

One of my first assignments for Brian Farrington Ltd was to review an IT project that had got out of control. It was late, incomplete and seriously over budget. During the research phase we asked what was known about the prime contractor and the subcontractor and what due diligence had been undertaken. The silence was […]

Organising the factory visit It is good practice to visit a factory where work will be carried out to the specification in the contract. The purpose of the visit should be to confirm what the potential supplier has said in the quotation or tender. Who should go on the visit? There is no right answer […]