Procurement & Government Contracting Compliance (Series: Corporate & Regulato...Financial Poise
The volume and complexity of transactions related to procurement are some of the reasons that transactions with the government are most vulnerable to corruption. State and federal regulatory compliance can be tough to navigate and the process can make even routine sales and marketing practices vulnerable to civil and criminal liability. This webinar analyzes the regulatory framework, including identification of some of the legal risks in solicitations, pre- and post-award bid protests, contract compliance, change orders, and contract claims and disputes. The webinar also discusses defense strategies of a company that is accused of fraud or civil non-compliance.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/procurement-government-contracting-compliance-2020/
By 1st December 2015, BCBS-IOSCO rules mean that all eligible financial and non-financial counterparties must be able to exchange bilateral Variation Margin (VM) and Initial Margin (IM) with their OTC derivatives counterparties. The consequences of this extend far beyond methodology, requiring a re-evaluation of the whole end to end workflow.
Procurement & Government Contracting Compliance (Series: Corporate & Regulato...Financial Poise
The volume and complexity of transactions related to procurement are some of the reasons that transactions with the government are most vulnerable to corruption. State and federal regulatory compliance can be tough to navigate and the process can make even routine sales and marketing practices vulnerable to civil and criminal liability. This webinar analyzes the regulatory framework, including identification of some of the legal risks in solicitations, pre- and post-award bid protests, contract compliance, change orders, and contract claims and disputes. The webinar also discusses defense strategies of a company that is accused of fraud or civil non-compliance.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/procurement-government-contracting-compliance-2020/
By 1st December 2015, BCBS-IOSCO rules mean that all eligible financial and non-financial counterparties must be able to exchange bilateral Variation Margin (VM) and Initial Margin (IM) with their OTC derivatives counterparties. The consequences of this extend far beyond methodology, requiring a re-evaluation of the whole end to end workflow.
IFRS 9 defines “Credit Loss” in terms of “Cash Shortfall” or credit loss estimation through projected cash flow discounting. However, there is little explicit information available as to how “Cash Shortfall” should be computed; should it be computed separately or along with “Expected” default path of the borrower, leading to ambiguity around the subject. IFRS 9 has specifically given inputs on PD estimation however, on LGD there is no such specific directives available. The ambiguity around the subject raises a few questions. The blog explores the limits of current knowledge (theoretical and empirical), and offers some preliminary guidance on such questions.
Cii Booz Report On Intelligent Urbanization, India 2010Gowri Sundaresan
Most of India’s cities are overcrowded already and projections indicate that even more rapid urbanization is on the way. This report prepared by Booz & Co. for the Confederation of Indian Industry in 2010, sets a path for a system of “Intelligent Urbanization” - a model for inclusive growth that is socially equitable, economically viable and environmentally sustainable
OUR CITIES HOLD THE KEY TO
GLOBAL ECOLOGICAL SUSTAINABILITY.
They are the source of close to 80 per cent of carbon dioxide emissions, and depending on how we develop and manage our urban infrastructures during the next three decades, they could
become either a force for environmental destruction or a primary source of ecological rejuvenation.
To achieve the latter result, the US$350 trillion to be spent on urban infrastructure and usage over the next 30 years will have to be directed towards low to zero carbon emissions, partic-ularly in the world’s small but fastest-growing cities and developing nations, where the largest impacts can be made. There are three prerequisites for this effort:
• Cities must adopt aggressive energy reduction goals and best-practice approaches to urban planning.
• Innovative financing strategies are needed to provide $20 trillion to $30 trillion in funding for additional up-front capital costs, with developed nations working together to assist developing nations in their low-carbon
urban infrastructure initiatives.
• The latest technological advances must be utilized to support and enable the planning, construction, and usage of urban infrastructure in all cities.
If the will can be mustered to aggressively pursue urban sustainability, and these three prerequisites can be put into place, forward-thinking and aspiring urban leaders can generate urgently needed reductions in global emissions, produce attractive economic returns by transforming their cities into centres for ecological innovation, and enhance their energy security.
IFRS 9 defines “Credit Loss” in terms of “Cash Shortfall” or credit loss estimation through projected cash flow discounting. However, there is little explicit information available as to how “Cash Shortfall” should be computed; should it be computed separately or along with “Expected” default path of the borrower, leading to ambiguity around the subject. IFRS 9 has specifically given inputs on PD estimation however, on LGD there is no such specific directives available. The ambiguity around the subject raises a few questions. The blog explores the limits of current knowledge (theoretical and empirical), and offers some preliminary guidance on such questions.
Cii Booz Report On Intelligent Urbanization, India 2010Gowri Sundaresan
Most of India’s cities are overcrowded already and projections indicate that even more rapid urbanization is on the way. This report prepared by Booz & Co. for the Confederation of Indian Industry in 2010, sets a path for a system of “Intelligent Urbanization” - a model for inclusive growth that is socially equitable, economically viable and environmentally sustainable
OUR CITIES HOLD THE KEY TO
GLOBAL ECOLOGICAL SUSTAINABILITY.
They are the source of close to 80 per cent of carbon dioxide emissions, and depending on how we develop and manage our urban infrastructures during the next three decades, they could
become either a force for environmental destruction or a primary source of ecological rejuvenation.
To achieve the latter result, the US$350 trillion to be spent on urban infrastructure and usage over the next 30 years will have to be directed towards low to zero carbon emissions, partic-ularly in the world’s small but fastest-growing cities and developing nations, where the largest impacts can be made. There are three prerequisites for this effort:
• Cities must adopt aggressive energy reduction goals and best-practice approaches to urban planning.
• Innovative financing strategies are needed to provide $20 trillion to $30 trillion in funding for additional up-front capital costs, with developed nations working together to assist developing nations in their low-carbon
urban infrastructure initiatives.
• The latest technological advances must be utilized to support and enable the planning, construction, and usage of urban infrastructure in all cities.
If the will can be mustered to aggressively pursue urban sustainability, and these three prerequisites can be put into place, forward-thinking and aspiring urban leaders can generate urgently needed reductions in global emissions, produce attractive economic returns by transforming their cities into centres for ecological innovation, and enhance their energy security.
The Government Procurement Law (RA 9184) And Its IRR: Flaws on the Compliance...IJAEMSJORNAL
It has been stated repeatedly that delays in government spending in the past have been caused, in part, by problems with procurement. The PHilMech Budget has been citing procurement as an excuse for underspending for many years. The cumulative disbursement outcome for 2019 was lower than the programmed spending for the year by approximately Php 48 million, or about 23% of utilization in the Regular fund, and by approximately 9 million, or about 9% in the Rice Competitiveness Enhancement Fund. Although not all of the savings result from underspending (i.e., about 21% of the amount is attributable to a combination of greater interest payment savings and net lending, which reflects prudent debt management by the government), the majority is reflected as a decline in agency performance in disbursements and budget utilization. The problem of procurement management delays in PHilMech has been enormous. Its effects were so profound that it frequently slows down the execution of strategic planning. This essay examines the management and procurement law flaws that contributed to the delays in the PHilMech projects' implementation. The analysis's findings showed that poor management, ineffective planning and scheduling, and cash flow and financial difficulties faced by management were the major issues that contributed to delays. Several actions are suggested.
This document consists of the Procurement Procedures Manual for Public Procurement in Ekiti State. The document was published by the Bureau of Public Procurement, Ekiti State Nigeria.
The ASEAN PPP Summit: The Public-Private Partnership Model and its Merits in Attracting Foreign Direct Investments, is the leading regional forum on infrastructure investment in Southeast Asia.
On April 4th, the 2019 ASEAN PPP Summit, held at the Marriott Marquis Queens Park, Bangkok, was a resounding success. The Mahanakorn Partners Group (MPG), together with the Thai-Italian Chamber of Commerce (TICC), the American Chamber of Commerce in Thailand (AMCHAM), the European Association for Business and Commerce (EABC), the French-Thai Chamber of Commerce (FTCC), the German-Thai Chamber of Commerce (GTCC) and Joint Foreign Chambers of Commerce in Thailand (JFCCT), welcomed industry leaders, governmental officials, infrastructure investors and developers along with the international news media.
This ISG white paper, co-authored by a senior IT leader at Boeing, discusses how an effective sourcing strategy requires a comprehensive and regimented process to address business needs, ensuring that decisions to renegotiate, renew or rebid contracts in a multi-sourced environment are made for the right reasons.
Alejandro saenzcore digital artifact (resource)_june 23 2015Alejandro S. Core
Public Private Partnership (PPP) Memento - Key Concepts
PPPs are a legitimate funding tool for development and should be embraced by governments globally. However, it should be remembered that governments need to recognize that attracting PPP investment requires an extensive marketing process that highlights their PPP readiness, including institutional capacity to manage PPP projects, the existence of an enabling environment, transparent procurement processes, and a comprehensive risk management structure.
LNG Industry Magazine (Commercial Quality Control The Missing Link) Jan 2017Joe Hughes
Dyplast Products has published its latest article in LNG Magazine titled “Commercial Quality Control: The Missing Link”. In an era with disparate pricing, a multiplicity of owners/stakeholders, long-term price volatility, multiple concurrent plant constructions, a shortage of skilled personnel, and increasingly complex technologies, owners/stakeholders in LNG projects increasingly face new risks.
This article introduces commercial quality control as an approach to move more impact factors to the controllable side of the ledger, and also as a way of better identifying and mitigating risks across the project lifecycle – beginning at project inception, but encompassing development, financing, construction and operations.
LNG Industry Magazine (Commercial Quality Control The Missing Link)Dyplast Products
Dyplast Products has published its latest article in LNG Magazine titled “Commercial Quality Control: The Missing Link”. In an era with disparate pricing, a multiplicity of owners/stakeholders, long-term price volatility, multiple concurrent plant constructions, a shortage of skilled personnel, and increasingly complex technologies, owners/stakeholders in LNG projects increasingly face new risks.
This article introduces commercial quality control as an approach to move more impact factors to the controllable side of the ledger, and also as a way of better identifying and mitigating risks across the project lifecycle – beginning at project inception, but encompassing development, financing, construction and operations.
In a bumper edition of Public Matters, we cover:
• the OFT’s recent report into the supply of ICT to the public sector
• further analysis of the new public procurement directive
• a new case on ineffectiveness
• the latest state aid developments, an analysis of PFI savings, case law developments on consultation obligations and recent developments on information sharing.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
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3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Helen Lubchak: Тренди в управлінні проєктами та miltech (UA)
Chapter5 structuring a ppp (selecting an option)
1. Introduction 4
5 Structuring a PPP:
Selecting the Option
As previously mentioned, PPP should be implemented within an overall reform strategy. The
objectives of a PPP project will be a subset of the objectives for the overall sector reform.
Selecting an appropriate PPP option is based on a diagnosis of:
• PPP options available (as described in chapter ),
• technical constraints and goals of the sector (as identified in the diagnostic),
• legal and regulatory constraints (as identified in the diagnostic),
• institutional issues (as identified in the diagnostic),
• commercial, financial, and financing requirements and constraints (as identified in the
diagnostic),
• interest of the market (local and international as described below), and
• special requirements of the sector based on characteristics of the system or
population.
The list of reform objectives should be compared with the results of the diagnostic and
features of each contract type, its advantages and disadvantages, likely outcomes and
prerequisites. From this analysis, it is possible to determine which option is most likely to
succeed at meeting the greatest number of (or the most critical) objectives.
Priorities for a PPP might include increased coverage, improved services, efficiency improve-
ments with associated reduction in government subsidy, or customer satisfaction. The
government and its advisors would use cost/benefit analysis and would consult with a wide
range of possible private partners (operator survey) to gain insight on the appeal, or lack
of appeal, of the options under consideration.
Particular PPP forms are used more widely and are more readily applied to particular sectors.
For instance, BOTs are more often employed in the development of toll roads and wastewater
plants while management contracts might be seen in health-care or water services.
That said, no PPP option could be applied without tailoring it to the local context. The options
provide a menu of contract types that can be modified to suit specific project requirements.
Incorporating different components of different contract types or using several contracts
in combination may be necessary. Additional modifications may be necessary to facilitate
the financing of the transaction, to respond to concerns of potential partners, to improve
low-income service provision, and to address labor issues.
2. 6 Public–Private Partnership Handbook
Government objectives for the PPP process: Selecting a PPP option is influenced by the
government’s specific objectives. For instance, is it government’s priority to reduce the costs
of service? On the other hand, is there a limited goal to improve billing and collection? Or
is the priority to expand coverage? Depending on the objectives, different options may be
more suitable to delivering them in a project.
Prerequisites to implementing a particular form of PPP: The diagnostic analysis deter-
mines the status of the sector undergoing reform. Each form of PPP has a set of prerequisites
for successful implementation. For instance, deeper forms of PPP that transfer greater risk
to the private sector will require more sophisticated legal and regulatory structures, as well
as availability of local skills to implement and monitor the transactions. Other constraints
may be low-cost recovery levels, lack of system information, or poor technical performance.
If prerequisites are not in place as determined through the diagnostic, it may be prudent to
start with a less extensive form of PPP. An alternative would be to achieve PPP prerequisites,
see Table 6, during the preparatory phase by implementing legal and regulatory reforms,
ensuring key investments are made, and/or putting new institutions in place.
Table 6: Prerequisites of PPP Options
Government
Capacity
Cost for Contracting,
Political Recovery Regulatory Information Management,
Option Commitment Tariffs Framework Base and Analysis
Service Contract Low Low Low Low Moderate
Management Contract Moderate Moderate Moderate Low Moderate
Lease Moderate High High High High
Concession High High High High High
Build–Operate–Transfer High Variable High High High
and variations
Source: Heather Skilling and Kathleen Booth. 007.
The private sector’s interest in the option: A particular option such as a concession may
best meet the objectives of the government, but the level of risk may be unacceptable to
potential private investors. The likely level of interest can be assessed through analysis of pre-
vious investments in the region, country, and sector, and by assessing the market interest.
Before the formal procurement process, potential bidders are often invited to comment on
a proposed project structure. The comments are based on a pre-bid road show, a briefing,
or a project paper, which is shared. Often, the opportunity is described in an “Information
Memorandum”, a summary of the key attributes of the project, the operating environment,
3. Structuring a PPP: Selecting Introduction 7
the Option 4
and anticipated financing. These discussions also generate market interest in an opportunity
and may broaden the pool of potential bidders. Collecting this market feedback from po-
tential private partners during the design/preparatory phases ensures that the bid package
attracts interest.
Based on these three criteria, the available options can be ranked and the government can
take an informed decision on the PPP strategy to be adopted. The road map will then be
updated to reflect the PPP option selected and preparatory work can start.