The Blue Ribbon Committee was set up in 1998 by the SEC and NYSE to investigate wrongdoings of the government and its agencies. It recommended 10 measures to strengthen oversight of public company audits and improve financial reporting. These included mandating an independent audit committee, requiring the audit committee to adopt a written charter, and having the outside auditor discuss the quality of the company's financial reporting and accounting principles with the audit committee.
This document presents on the topic of the Indian model of corporate governance. It discusses how the Companies Act of 2013 introduced more transparent processes to benefit stakeholders, directors, and management. It also notes that investment advisory services provide information to shareholders on the new regulations aimed at improving governance in India. The document outlines that the Indian corporate governance model is a mix of Anglo-American and German models, and that there are three types of corporations in India: private companies, public companies, and public sector undertakings. It concludes by thanking the audience.
What is the role of credit rating agencies in our global financial system? Learn how credit ratings on securities are created and used. Part of a continuing series of introductory seminars for the financial services industry. We develop custom training, contact us for a quote or discussion of your needs.
Cartels are formal organizations between manufacturers that agree to fix prices and production levels. They can be public or private. Cartels aim to control markets through price fixing and allocating territories, but often fail because the incentive for individual firms to cheat grows over time by lowering prices or overproducing. Notable examples include the aviation cartel between Indian airlines and the lysine cartel in the 1990s involving Archer Daniels Midland that was fined heavily for price fixing. In conclusion, while cartels seek to regulate competition, they are inherently unstable arrangements.
The document discusses the essential characteristics and requirements of a valid contract. It begins by defining a contract and outlining the 7 essential elements: 1) agreement must be lawful, 2) parties must have contractual capacity, 3) parties must intend to contract, 4) parties must communicate their intentions, 5) agreement cannot be vague, 6) parties must agree on the subject matter, and 7) performance must be possible. It then examines each of these elements in more detail with examples. The document also discusses the differences between void and voidable contracts.
The document discusses factors that affect media selection for advertising. It outlines various definitions of media selection and provides a chart of different media types. Key factors that influence media choice include the nature of the product, target customers, distribution, advertising objectives, message type, budget, competitors' media usage, and characteristics of individual media like circulation, costs, and reach. Television, newspapers, magazines, radio, and direct mail are discussed in more detail regarding their strengths and limitations for advertising.
This document discusses credit ratings. It begins by defining credit ratings as assessments of creditworthiness based on borrowing history and financial information. It then outlines the different types of ratings and the rating process. The rating process involves analyzing factors like the economy, business, management, and finances. It also lists the major credit rating agencies in India - CRISIL, ICRA, CARE, ONICRA - and provides details on each one. Finally, it discusses who uses credit ratings like investors, regulators, and issuers, and notes some disadvantages of credit ratings.
The document discusses the ethical and legal aspects of advertising. It begins by defining advertising and describing the various media used. It then discusses some of the criticisms of advertising, including that it can be misleading to consumers. The document outlines the social, economic, and ethical considerations regarding advertising. It also describes the various laws and regulations around advertising in India as well as the self-regulatory organization called ASCI that aims to ensure advertising is truthful, legal, and decent. Complaints from consumers about advertising can be submitted to ASCI.
The Blue Ribbon Committee was set up in 1998 by the SEC and NYSE to investigate wrongdoings of the government and its agencies. It recommended 10 measures to strengthen oversight of public company audits and improve financial reporting. These included mandating an independent audit committee, requiring the audit committee to adopt a written charter, and having the outside auditor discuss the quality of the company's financial reporting and accounting principles with the audit committee.
This document presents on the topic of the Indian model of corporate governance. It discusses how the Companies Act of 2013 introduced more transparent processes to benefit stakeholders, directors, and management. It also notes that investment advisory services provide information to shareholders on the new regulations aimed at improving governance in India. The document outlines that the Indian corporate governance model is a mix of Anglo-American and German models, and that there are three types of corporations in India: private companies, public companies, and public sector undertakings. It concludes by thanking the audience.
What is the role of credit rating agencies in our global financial system? Learn how credit ratings on securities are created and used. Part of a continuing series of introductory seminars for the financial services industry. We develop custom training, contact us for a quote or discussion of your needs.
Cartels are formal organizations between manufacturers that agree to fix prices and production levels. They can be public or private. Cartels aim to control markets through price fixing and allocating territories, but often fail because the incentive for individual firms to cheat grows over time by lowering prices or overproducing. Notable examples include the aviation cartel between Indian airlines and the lysine cartel in the 1990s involving Archer Daniels Midland that was fined heavily for price fixing. In conclusion, while cartels seek to regulate competition, they are inherently unstable arrangements.
The document discusses the essential characteristics and requirements of a valid contract. It begins by defining a contract and outlining the 7 essential elements: 1) agreement must be lawful, 2) parties must have contractual capacity, 3) parties must intend to contract, 4) parties must communicate their intentions, 5) agreement cannot be vague, 6) parties must agree on the subject matter, and 7) performance must be possible. It then examines each of these elements in more detail with examples. The document also discusses the differences between void and voidable contracts.
The document discusses factors that affect media selection for advertising. It outlines various definitions of media selection and provides a chart of different media types. Key factors that influence media choice include the nature of the product, target customers, distribution, advertising objectives, message type, budget, competitors' media usage, and characteristics of individual media like circulation, costs, and reach. Television, newspapers, magazines, radio, and direct mail are discussed in more detail regarding their strengths and limitations for advertising.
This document discusses credit ratings. It begins by defining credit ratings as assessments of creditworthiness based on borrowing history and financial information. It then outlines the different types of ratings and the rating process. The rating process involves analyzing factors like the economy, business, management, and finances. It also lists the major credit rating agencies in India - CRISIL, ICRA, CARE, ONICRA - and provides details on each one. Finally, it discusses who uses credit ratings like investors, regulators, and issuers, and notes some disadvantages of credit ratings.
The document discusses the ethical and legal aspects of advertising. It begins by defining advertising and describing the various media used. It then discusses some of the criticisms of advertising, including that it can be misleading to consumers. The document outlines the social, economic, and ethical considerations regarding advertising. It also describes the various laws and regulations around advertising in India as well as the self-regulatory organization called ASCI that aims to ensure advertising is truthful, legal, and decent. Complaints from consumers about advertising can be submitted to ASCI.
Modigliani and Miller initially developed their capital structure approach in 1958 without considering taxes. They argued that a firm's value and cost of capital are independent of its capital structure. In 1963, they revised their approach to include taxes. When taxes are considered, firm value increases with leverage as interest expenses are tax deductible, creating a tax shield. The value of a levered firm exceeds an unlevered firm by the amount of debt multiplied by the tax rate.
Merchant banking refers to a range of financial services including underwriting shares, portfolio management, project counseling, and insurance provided by both commercial and investment banks for a fee. Merchant bankers play an important role as intermediaries between companies raising funds and investors. They perform various functions such as promotional activities, issue management, credit syndication, project counseling, portfolio management, and mergers and acquisitions. Merchant banking activities in India are regulated by the Securities and Exchange Board of India (SEBI). Other key players in the capital markets include underwriters, bankers to an issue, brokers to an issue, and registrars and share transfer agents.
The document discusses the history and functions of the Securities and Exchange Board of India (SEBI). It states that SEBI was established in 1988 and given statutory powers in 1992 to regulate the securities market and protect investors. The key functions of SEBI include regulatory functions, development functions, and powers from the Securities Contract Regulation Act. SEBI regulates various intermediaries in the capital market like merchant bankers, underwriters, stock brokers, bankers to issues, and registrars through various rules and guidelines.
This document discusses client-agency relationships in advertising. It defines a client-agency relationship as one between an advertiser and advertising agency that requires trust and collaboration to be effective. The document outlines factors that contribute to effective relationships, such as agencies not advertising for competitors and clients paying bills promptly. It also describes the advertising process, key agency departments like account services and creative, and sources of agency income. Overall, the document provides an overview of important aspects of client-agency relationships in advertising.
This document discusses ethics in advertising. It provides examples of how ethical issues can arise, such as misleading health claims made by Nestle in an advertisement for Maggie soup. Unethical practices in advertising include deception, exaggeration, false testimonials, misleading information, exploiting children, unhealthy comparisons between brands, and surrogate advertising for banned products. The document argues for stricter laws against unethical advertising and for advertisers and consumers to take responsibility to ensure ethical standards are followed.
This document discusses the criminal liability of companies under Indian law. It begins by explaining the doctrine of identification, where criminal liability of a company can be attributed to those who control the company's affairs. It then examines key cases that established this doctrine in England and India. The document also discusses how Indian law has evolved to allow companies to be criminally prosecuted even for offenses requiring mens rea or a guilty mind. Recent Supreme Court judgments have affirmed that companies can be prosecuted for various criminal offenses and cannot escape liability solely because the prescribed punishment is imprisonment. In summary, the document traces the development of laws governing criminal liability of companies in India.
The Advertising Standards Council of India (ASCI) is a self-regulatory organization established in 1985 to ensure advertising in India complies with its code of self-regulation. The code requires advertisements to be legal, honest, truthful and safe while maintaining fair competition. ASCI looks into complaints across all media and is comprised of representatives from advertisers, agencies, media and other related professions. It investigates complaints through its Consumer Complaints Council and can direct advertisers to withdraw or modify advertisements that violate its code.
This document discusses cartels, including what they are, different types, how they can succeed or fail, and their impact. A cartel is a formal agreement between producers to regulate supply and prices in order to maximize profits. They aim to increase profits by fixing prices, limiting supply, or other means. While cartels can benefit members by avoiding price competition, they often fail due to cheating or lack of cooperation between firms and create inefficiencies in the market. The only legal cartel is OPEC, which restricts oil production through quotas.
The document discusses 720 degree performance appraisal. It begins with an introduction to performance appraisal and 360 degree performance appraisal. 720 degree performance appraisal involves receiving feedback from 5-8 people twice over a period of 9-12 months. This provides a more comprehensive assessment of an employee's on-the-job performance compared to traditional 360 degree appraisal. The document also discusses the need for 720 degree performance appraisal, its advantages and disadvantages, and concludes with a case study on Johnson & Johnson's use of advanced behavioral techniques.
Barriers to entry and exit protect existing firms and allow them to maintain high profits. They include economies of scale, brand loyalty, and control of important technologies. Google faces few barriers to entry in search due to its vast scale and vertical integration advantages over potential competitors. Firms use strategies like limit pricing, predatory pricing, and brand proliferation to discourage competition. Industries with high minimum efficient scale and falling average costs are less contestable due to barriers to entry. Established firms have cost advantages from learning, integration, and scale that make entry difficult for competitors. Plant closures occur when price falls below average costs, showing the shutdown price.
The document discusses articles of association (AOA), which contain the internal rules and regulations of a company for the benefit of shareholders. AOA must be registered for certain types of companies and usually deal with matters like shareholder rights, board meetings, and resolutions. AOA can be altered by special resolution but cannot contradict the memorandum of association or companies act. The doctrine of indoor management protects outsiders dealing with companies by assuming they have constructive notice of AOA contents, with some exceptions. AOA are subordinate to the memorandum of association and govern internal company relations.
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
A budget is a plan for projected income and expenses over a defined period. Budgeting involves formulating budgets, while budgetary control uses budgets to plan and control all aspects of production. Key elements of budgetary control include preparing budgets for each department, conducting ongoing comparisons of actual vs. budgeted performance, and taking corrective actions on variances. Budgets can be classified by time period (long-term vs. short-term), function (sales, production, etc.), or flexibility (fixed vs. flexible). Zero-based budgeting requires justifying all expenses for each new period without relying on previous budgets.
Advertising has social, legal, ethical, and economic aspects. Socially, advertising must balance informing consumers and avoiding deception or manipulation. Legally, advertising must comply with government regulations. Ethically, advertising needs to be truthful and consider its effects on children and sensitive products. Economically, advertising makes consumers aware of options, encourages consumption, and fosters competition, but also increases product costs.
The document outlines principles of sound lending for banks. The key principles discussed are safety, liquidity, profitability, purpose of the loan, diversification of risk, and national policies. Safety means ensuring the borrower has the capacity and willingness to repay the loan. Liquidity means making mostly short-term loans as banks deal in short-term funds. Profitability means employing funds profitably while maintaining safety and liquidity. The purpose of the loan should be productive to generate profits for repayment. Risk is reduced through diversifying loans across multiple borrowers rather than concentrating in one. National policies also guide bank lending decisions.
This document summarizes various money market instruments and investment avenues. It discusses traditional money market instruments like treasury bills, certificates of deposit, and commercial paper. It also discusses modern money market instruments like repo instruments, money market mutual funds, and inter-corporate deposits. Equity investments discussed include stocks, limited partnerships, private placements, and American/global depository receipts. Preferred stocks and hybrid securities are also summarized. Real estate investments are noted to provide capital appreciation, income from rents, and tax benefits.
The Cadbury Committee was established in 1991 by the Financial Reporting Council to address corporate governance issues in the UK. The committee published a report in 1992 making recommendations regarding the role and composition of boards of directors, including that boards should include non-executive directors and establish an audit committee. The report also covered recommendations for remuneration of directors, financial reporting and controls, and separation of the roles of chairman and CEO.
This document discusses different types of leverage used in business. There are three main types: operating leverage, financial leverage, and combined leverage. Operating leverage measures how fixed costs affect operating profit with changes in sales. Financial leverage shows how interest expenses affect net income. Combined leverage considers both operating and financial leverage and their combined impact on earnings per share with sales changes. The degree of each type of leverage can be calculated to understand the risk involved at different levels.
This module discusses risk management and insurance. It covers topics such as risks and risk management, different types of risks, methods of handling risks including avoiding, controlling, accepting and transferring risks. It also discusses the basic concepts of insurance including risk pooling, law of large numbers, requirements of insurable risks, advantages and disadvantages of insurance. Additionally, it covers personal risk management process, objectives of risk management pre-loss and post-loss, insurance market dynamics and underwriting cycle. Finally, it discusses some key legal principles of insurance contracts such as offer and acceptance, consideration, insurable interest, subrogation and utmost good faith.
Advertising research is the systematic gathering and analysis of information to help develop or evaluate advertising strategies, advertisements, and media campaigns. It can involve psychological, sociological, economic, and other perspectives. Advertising research is either customized for a specific client or syndicated and available for multiple companies. Common methods of advertising research include focus groups, interviews, projective techniques, questionnaires, and tests to evaluate ads before and after market deployment. The overall purpose is to improve brand awareness and increase revenue by creating more effective advertising that reaches the target market.
The document discusses a Dynamic Purchasing System (DPS) for home adaptations managed by Independence Community Interest Company (INCIC). It aims to improve the delivery of Disabled Facilities Grants by offering pre-qualified contractors through an online platform. Contractors are vetted and divided into categories. The council would pay a 1% fee to access INCIC's system and manage the entire process of procuring adaptation works through online tendering. While it provides benefits like time savings and contractor monitoring, there is still room for improving contractor availability and expanding price schedules.
Plymouth & INCIC Launch Event 30th November 2017 Dynamic Purchasing System (D...Jonathan Hines
The document describes a new Dynamic Purchasing System (DPS) being established by Independence CIC (INCIC) and Plymouth City Council (PCC) for home adaptations, repairs, maintenance, and improvements. The DPS will replace PCC's existing bathroom framework agreement and provide a flexible, electronic procurement solution for local authorities, housing associations, and other organizations across the UK. The DPS will allow new contractors and suppliers to join at any time and will be managed by INCIC, including administering contracts and documentation. A launch event is scheduled for November 29-30 to present the DPS and its application to potential customer organizations and suppliers.
Modigliani and Miller initially developed their capital structure approach in 1958 without considering taxes. They argued that a firm's value and cost of capital are independent of its capital structure. In 1963, they revised their approach to include taxes. When taxes are considered, firm value increases with leverage as interest expenses are tax deductible, creating a tax shield. The value of a levered firm exceeds an unlevered firm by the amount of debt multiplied by the tax rate.
Merchant banking refers to a range of financial services including underwriting shares, portfolio management, project counseling, and insurance provided by both commercial and investment banks for a fee. Merchant bankers play an important role as intermediaries between companies raising funds and investors. They perform various functions such as promotional activities, issue management, credit syndication, project counseling, portfolio management, and mergers and acquisitions. Merchant banking activities in India are regulated by the Securities and Exchange Board of India (SEBI). Other key players in the capital markets include underwriters, bankers to an issue, brokers to an issue, and registrars and share transfer agents.
The document discusses the history and functions of the Securities and Exchange Board of India (SEBI). It states that SEBI was established in 1988 and given statutory powers in 1992 to regulate the securities market and protect investors. The key functions of SEBI include regulatory functions, development functions, and powers from the Securities Contract Regulation Act. SEBI regulates various intermediaries in the capital market like merchant bankers, underwriters, stock brokers, bankers to issues, and registrars through various rules and guidelines.
This document discusses client-agency relationships in advertising. It defines a client-agency relationship as one between an advertiser and advertising agency that requires trust and collaboration to be effective. The document outlines factors that contribute to effective relationships, such as agencies not advertising for competitors and clients paying bills promptly. It also describes the advertising process, key agency departments like account services and creative, and sources of agency income. Overall, the document provides an overview of important aspects of client-agency relationships in advertising.
This document discusses ethics in advertising. It provides examples of how ethical issues can arise, such as misleading health claims made by Nestle in an advertisement for Maggie soup. Unethical practices in advertising include deception, exaggeration, false testimonials, misleading information, exploiting children, unhealthy comparisons between brands, and surrogate advertising for banned products. The document argues for stricter laws against unethical advertising and for advertisers and consumers to take responsibility to ensure ethical standards are followed.
This document discusses the criminal liability of companies under Indian law. It begins by explaining the doctrine of identification, where criminal liability of a company can be attributed to those who control the company's affairs. It then examines key cases that established this doctrine in England and India. The document also discusses how Indian law has evolved to allow companies to be criminally prosecuted even for offenses requiring mens rea or a guilty mind. Recent Supreme Court judgments have affirmed that companies can be prosecuted for various criminal offenses and cannot escape liability solely because the prescribed punishment is imprisonment. In summary, the document traces the development of laws governing criminal liability of companies in India.
The Advertising Standards Council of India (ASCI) is a self-regulatory organization established in 1985 to ensure advertising in India complies with its code of self-regulation. The code requires advertisements to be legal, honest, truthful and safe while maintaining fair competition. ASCI looks into complaints across all media and is comprised of representatives from advertisers, agencies, media and other related professions. It investigates complaints through its Consumer Complaints Council and can direct advertisers to withdraw or modify advertisements that violate its code.
This document discusses cartels, including what they are, different types, how they can succeed or fail, and their impact. A cartel is a formal agreement between producers to regulate supply and prices in order to maximize profits. They aim to increase profits by fixing prices, limiting supply, or other means. While cartels can benefit members by avoiding price competition, they often fail due to cheating or lack of cooperation between firms and create inefficiencies in the market. The only legal cartel is OPEC, which restricts oil production through quotas.
The document discusses 720 degree performance appraisal. It begins with an introduction to performance appraisal and 360 degree performance appraisal. 720 degree performance appraisal involves receiving feedback from 5-8 people twice over a period of 9-12 months. This provides a more comprehensive assessment of an employee's on-the-job performance compared to traditional 360 degree appraisal. The document also discusses the need for 720 degree performance appraisal, its advantages and disadvantages, and concludes with a case study on Johnson & Johnson's use of advanced behavioral techniques.
Barriers to entry and exit protect existing firms and allow them to maintain high profits. They include economies of scale, brand loyalty, and control of important technologies. Google faces few barriers to entry in search due to its vast scale and vertical integration advantages over potential competitors. Firms use strategies like limit pricing, predatory pricing, and brand proliferation to discourage competition. Industries with high minimum efficient scale and falling average costs are less contestable due to barriers to entry. Established firms have cost advantages from learning, integration, and scale that make entry difficult for competitors. Plant closures occur when price falls below average costs, showing the shutdown price.
The document discusses articles of association (AOA), which contain the internal rules and regulations of a company for the benefit of shareholders. AOA must be registered for certain types of companies and usually deal with matters like shareholder rights, board meetings, and resolutions. AOA can be altered by special resolution but cannot contradict the memorandum of association or companies act. The doctrine of indoor management protects outsiders dealing with companies by assuming they have constructive notice of AOA contents, with some exceptions. AOA are subordinate to the memorandum of association and govern internal company relations.
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
A budget is a plan for projected income and expenses over a defined period. Budgeting involves formulating budgets, while budgetary control uses budgets to plan and control all aspects of production. Key elements of budgetary control include preparing budgets for each department, conducting ongoing comparisons of actual vs. budgeted performance, and taking corrective actions on variances. Budgets can be classified by time period (long-term vs. short-term), function (sales, production, etc.), or flexibility (fixed vs. flexible). Zero-based budgeting requires justifying all expenses for each new period without relying on previous budgets.
Advertising has social, legal, ethical, and economic aspects. Socially, advertising must balance informing consumers and avoiding deception or manipulation. Legally, advertising must comply with government regulations. Ethically, advertising needs to be truthful and consider its effects on children and sensitive products. Economically, advertising makes consumers aware of options, encourages consumption, and fosters competition, but also increases product costs.
The document outlines principles of sound lending for banks. The key principles discussed are safety, liquidity, profitability, purpose of the loan, diversification of risk, and national policies. Safety means ensuring the borrower has the capacity and willingness to repay the loan. Liquidity means making mostly short-term loans as banks deal in short-term funds. Profitability means employing funds profitably while maintaining safety and liquidity. The purpose of the loan should be productive to generate profits for repayment. Risk is reduced through diversifying loans across multiple borrowers rather than concentrating in one. National policies also guide bank lending decisions.
This document summarizes various money market instruments and investment avenues. It discusses traditional money market instruments like treasury bills, certificates of deposit, and commercial paper. It also discusses modern money market instruments like repo instruments, money market mutual funds, and inter-corporate deposits. Equity investments discussed include stocks, limited partnerships, private placements, and American/global depository receipts. Preferred stocks and hybrid securities are also summarized. Real estate investments are noted to provide capital appreciation, income from rents, and tax benefits.
The Cadbury Committee was established in 1991 by the Financial Reporting Council to address corporate governance issues in the UK. The committee published a report in 1992 making recommendations regarding the role and composition of boards of directors, including that boards should include non-executive directors and establish an audit committee. The report also covered recommendations for remuneration of directors, financial reporting and controls, and separation of the roles of chairman and CEO.
This document discusses different types of leverage used in business. There are three main types: operating leverage, financial leverage, and combined leverage. Operating leverage measures how fixed costs affect operating profit with changes in sales. Financial leverage shows how interest expenses affect net income. Combined leverage considers both operating and financial leverage and their combined impact on earnings per share with sales changes. The degree of each type of leverage can be calculated to understand the risk involved at different levels.
This module discusses risk management and insurance. It covers topics such as risks and risk management, different types of risks, methods of handling risks including avoiding, controlling, accepting and transferring risks. It also discusses the basic concepts of insurance including risk pooling, law of large numbers, requirements of insurable risks, advantages and disadvantages of insurance. Additionally, it covers personal risk management process, objectives of risk management pre-loss and post-loss, insurance market dynamics and underwriting cycle. Finally, it discusses some key legal principles of insurance contracts such as offer and acceptance, consideration, insurable interest, subrogation and utmost good faith.
Advertising research is the systematic gathering and analysis of information to help develop or evaluate advertising strategies, advertisements, and media campaigns. It can involve psychological, sociological, economic, and other perspectives. Advertising research is either customized for a specific client or syndicated and available for multiple companies. Common methods of advertising research include focus groups, interviews, projective techniques, questionnaires, and tests to evaluate ads before and after market deployment. The overall purpose is to improve brand awareness and increase revenue by creating more effective advertising that reaches the target market.
The document discusses a Dynamic Purchasing System (DPS) for home adaptations managed by Independence Community Interest Company (INCIC). It aims to improve the delivery of Disabled Facilities Grants by offering pre-qualified contractors through an online platform. Contractors are vetted and divided into categories. The council would pay a 1% fee to access INCIC's system and manage the entire process of procuring adaptation works through online tendering. While it provides benefits like time savings and contractor monitoring, there is still room for improving contractor availability and expanding price schedules.
Plymouth & INCIC Launch Event 30th November 2017 Dynamic Purchasing System (D...Jonathan Hines
The document describes a new Dynamic Purchasing System (DPS) being established by Independence CIC (INCIC) and Plymouth City Council (PCC) for home adaptations, repairs, maintenance, and improvements. The DPS will replace PCC's existing bathroom framework agreement and provide a flexible, electronic procurement solution for local authorities, housing associations, and other organizations across the UK. The DPS will allow new contractors and suppliers to join at any time and will be managed by INCIC, including administering contracts and documentation. A launch event is scheduled for November 29-30 to present the DPS and its application to potential customer organizations and suppliers.
The document describes a new online system for tendering home adaptation projects funded by Disabled Facilities Grants (DFG). It discusses the results of a sector survey that found most agencies use multiple quotes or framework agreements. The new system will allow local builders to submit instant online quotes for standard adaptation specifications. It will initially be rolled out to 20 agencies for testing before wider adoption. Interested agencies should contact Paul Smith for more information.
Innovate UK's monitoring services procurement - engagement event slidesInnovate UK
This document provides an overview of Innovate UK's plans to procure monitoring services through a Dynamic Purchasing System (DPS). It will cover: an introduction to Innovate UK; an overview of the monitoring services being procured and the lot structure; details on how suppliers can join the DPS and the procurement timeline; and an overview of the new operating model for monitoring services. The goal is to establish a pool of pre-qualified suppliers through an open DPS to provide monitoring services for Innovate UK projects on an as-needed basis.
Network Rail & Innovate UK: Scope of "SBRI Innovation in Automated Tunnel Exa...KTN
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
Department for Transport SBRI Rail Competition Briefing - Competition ScopeKTN
The document provides information about the First of a Kind 2020 competition from Innovate UK. It summarizes the competition scope, objectives, themes, eligibility requirements, and important dates. The competition will fund demonstration projects for innovative technologies in the rail industry, with £9.4 million available. Projects should integrate proven technologies into railway environments for the first time. A successful application will involve a rail technology integrator and asset owner and demonstrate benefits to customers. The briefing event attendees are encouraged to network and discuss potential project ideas and applications.
This document discusses e-procurement and provides details about its objectives, key stakeholders, technical architecture, new processes, governance issues, current status, issues and challenges, and best practices. The main points are:
1. E-procurement aims to automate the entire procurement process online to reduce costs and cycle times, increase transparency and supplier participation, and eliminate corruption.
2. Key stakeholders in e-procurement include government ministries, central departments, and suppliers. The technical architecture allows for online publishing of tenders, bid submission, payments, and contract awards.
3. Global case studies show e-procurement can deliver substantial benefits through increased efficiency, competition, and transparency, but requires strong leadership, appropriate policy
RE:FIT LONDON – Making London a resilient, sustainable and resource efficient...EMEX
The Mayor of London works to make London a more resilient, sustainable and resource efficient city, where businesses want to be based and where people want to live and work.
To achieve the Mayor’s vision for the environment, the GLA develops and delivers a set of results-focused programmes. These programmes also create jobs and attract investment in areas such as waste recycling, water, green infrastructure, energy and the low carbon and green economy.
RE:FIT and RE:NEW are the Mayor of London award-winning programmes to help make London homes, non-domestic buildings and assets more energy efficient by cutting carbon emissions and energy bills. These programmes support organisations to develop and bring their energy efficiency projects to market.
The Mayor’s DEPDU Successor programme – 50% funded by the European Regional Development Fund (ERDF) - is set up to support the Mayor’s target of 25 per cent of London’s energy to be generated through Decentralised Energy (DE) by 2025. The programme supports others to develop and bring their DE projects to market.
Presentation of the “SIGMA workshop on tendering of PPP projects and contract signature”, held in Ankara on 11-12 April 2018. Presentation made by Mr. Mario Turkovic, SIGMA.
This talk will cover the design of the new street lighting protocol from the Investor Confidence Project, just launched in April 2018. The protocol providers quality assurance around the energy savings achieved by upgrading street lighting, allowing projects to be certified as ‘Investor Ready’. She discusses how the protocol can help attract financial backing for projects and boost their scale, scope and quality, while providing an easy-to-use pathway for project developers. The talk will include an invitation to ILP members, contractors and project developers to get involved with the programme by submitting pilot projects for certification, and benefit from funded support to become among the first to market.
by Bethan Phillips, Verco
Unified Energy provides energy procurement and management services including commodity procurement, demand response, and data management. It has over 150 years of combined experience in energy markets. Unified Energy was acquired by Tullett Prebon, the #1 ranked interdealer broker of commodities. Tullett Prebon's acquisition of Unified Energy provides access to its international capabilities and over $1 billion in annual revenue. Unified Energy offers customers services like full bill auditing, benchmarking, automated data reporting and tracking of energy budgets to help lower costs.
Microgeneration Support Scheme (MSS) Non- Domestic Supply Chain ForumSustainableEnergyAut
This document provides information about SEAI's upcoming Non-Domestic Microgeneration Support Scheme (MSS) for solar PV installations. Key points include:
- The scheme will provide a grant of up to €2400 for solar PV systems up to 6kWp for non-domestic applicants.
- It is targeting a launch in summer 2022, subject to ministerial approval.
- Differences from the domestic scheme include additional information requirements, eligibility checks, and different planning regulations for non-domestic applicants.
- Aspects still under review include the installer registration process, how to handle buildings with multiple meters, ensuring structural integrity of installation sites, and the potential future inclusion of other microgeneration technologies
The document provides an overview of the San Diego Retrocommissioning Program. It describes retrocommissioning as improving building performance through low-cost operational and maintenance improvements. The program offers free building assessments, incentives for implementing efficiency measures, and documentation support. It has achieved energy and demand savings of 9-20% on average in participating buildings. A case study highlights over $270,000 in annual cost savings from retrocommissioning measures implemented at the Marriott Downtown & Marina.
The document provides instructions for joining an online presentation about Energy Performance Protocols. Participants must connect their audio via computer or phone and enter identification codes. The presentation will start at 15:05 CET and will be recorded. The presentation will be given by Luis Castanheira and will provide an overview of the Investor Confidence Project Europe, the Technical Forum, Energy Performance Protocols, current technical research, and next steps. Questions can be asked via the chat function.
Lapsys Technologies presented a proposal to provide telecommunications services including landline phones and mobiles to 350 practices over 36 months through About Health. This would save practices an average of 17% on call charges while delivering £218,000 in revenue to About Health. Lapsys outlined the sales process, benefits to practices of simplified billing and support, and implementation strategy. They requested practice contact information and an introduction letter to begin outreach and implementation.
Lapsys Technologies presented a proposal to provide telecommunications services including landline phones and mobiles to 350 practices over 36 months through About Health. This would save practices an average of 17% on call charges and deliver £218,000 in revenue to About Health. Lapsys outlined the sales process, benefits to practices of simplified billing and support, and implementation strategy to transition practices to the new services with no disruption. Final contract sign-off was scheduled for June 2nd, after which Lapsys would begin outreach and implementing the new services for practices.
The National Landlords Association is running a campaign to increase awareness of Disabled Facilities Grants among private landlords and local authorities. The grants can fund home adaptations for disabled tenants, but currently only seven percent go to private renters. The campaign aims to address barriers through research, guidance, and pilots. It seeks to change perceptions of landlords' role in housing vulnerable groups and help more disabled people access suitable private rented accommodation. The presentation provides updates on workshops held, initial survey findings on landlord knowledge and willingness to undertake adaptations, and next steps including stakeholder engagement and local authority partnerships.
This document provides an agenda and information for a meeting of the London HIA Network on July 24th, 2019. The agenda includes discussions on outcomes and evaluation, measuring outcomes in Essex, HACT's Social Value Tool, adaptations in the private rented sector, and an update from Foundations. Additional information is provided on requirements for Better Care Fund planning, the UK government's Prevention Green Paper, upcoming events from Foundations including a DFG roadshow and training courses, and the National Healthy Homes Awards ceremony.
This document discusses wellbeing valuation and the UK Social Value Bank. It provides the following information:
- The UK Social Value Bank, produced by HACT and Simetrica in 2014, measures improvements in wellbeing from interventions and applies a proxy financial value.
- The Social Value Bank values outcomes related to issues like crime reduction, apprenticeships, exercise, and volunteering.
- It shows correlations between wellbeing and health metrics in different areas.
- Guidance is provided on how to value mental health outcomes from aids and adaptations using a wellbeing scale.
This document discusses the importance of evaluating outcomes and measuring the impact of home improvement services funded by Disabled Facilities Grants (DFGs). It outlines why measuring outcomes is important, including to identify cost savings, demonstrate value for money, and quality of life improvements. It also notes the need to justify increased DFG funding and demonstrate how these services support prevention and integration agendas. The document provides examples of what some local authorities measure, such as user satisfaction, admissions avoidance, and falls prevention. It also lists potential areas to measure, such as money savings, efficiency, and impact on social care needs. Resources for measuring outcomes are also referenced.
The document discusses the TrustMark quality scheme and its evolution. TrustMark was formed in 2005 and aims to be the government-endorsed quality mark for home improvement trades. It operates by accrediting scheme providers who register businesses via a code of conduct and framework. There are emerging questions around TrustMark's relationship with other schemes, the requirements and liability of scheme providers, costs for contractors, and dispute resolution processes. The benefits of TrustMark include improved quality assurance, financial protection for consumers, and encouraging investment across sectors through a consistent quality approach.
The document discusses the Handyperson Benefits Realisation Toolkit (HPBRT), which was developed in 2011 to help handyperson services prove their value to commissioners. It outlines the methodology used to develop the toolkit, which aggregates retrospective data on issues like falls and fires to estimate costed benefits of preventing incidents. While the benefits are not strictly financial savings, the toolkit provides a way to model the size of services needed to achieve targeted benefits. The document explains how the toolkit can still be used today with basic service data on expenditures, visits, jobs and job types to estimate benefits.
The document summarizes the Worcestershire Dementia Dwelling Grant (DDG) pilot program. A project group including health, housing, social care, and voluntary sectors established the pilot to provide home adaptations for people living with dementia. The group developed eligibility criteria and identified delivery partners. Over the pilot period, 510 grants were approved. Evaluations found improvements in recipients' ability to care for themselves, feelings of safety, and satisfaction with accommodation. The program will continue beyond the pilot based on its success.
C&R Worcs 2018 06-13 Dementia Dwelling Grant Interim ReportFoundations
The document summarizes a dementia dwelling grant pilot program in Worcestershire, England. The program provided up to £750 grants to help people with dementia remain independent in their homes through minor home adaptations. Over 500 people received assessments, with an average of 5 adaptation items installed per home at an average cost of £138. Early evaluations found improvements in feelings of safety, independence, and accommodation satisfaction. The program aims to provide evidence of the benefits of integrated health and housing support and influence future funding.
2019 February Brent Handyperson JourneyFoundations
Brent's handyperson services have expanded to better serve the community. The services now include:
1. A general handyperson service operated by Elder's Voice, a voluntary organization, to assist those on qualifying benefits with odd jobs and minor repairs from 9am-5pm on weekdays.
2. A hospital discharge assistance service, operated in partnership with local NHS teams, to help with home repairs and cleaning for those being discharged, with projects up to £7,000.
3. An acute handyperson service for those at high risk of hospitalization, with in-home support free of charges. All services have seamless links to grants and each other for maximum assistance.
4. Out
2019 February Hounslow Handyperson SchemeFoundations
The London Borough of Hounslow is modernizing its Handyperson Scheme by updating vehicles, equipment, uniforms, and leaflets to provide a more professional service. The scheme provides small repairs and installations for eligible residents who are disabled, elderly, single parents with disabled children, or social housing tenants reporting repairs. It is funded through the borough's Housing department as well as health funds and works with other community services.
2019 February Hounslow Grant for Residents with DementiaFoundations
The London Borough of Hounslow introduced a Grant for Residents with Dementia during the 2017/18 financial year following a dementia seminar in February 2017. The grant provides funding for minor home modifications like ramps, grab rails, and improved lighting to help residents with dementia live safely and independently. A GPS tracking device monitored by a community alarm service was also issued to some grant recipients. The grant was capped initially at £1,000 but later increased to £2,500 under a new policy.
This document provides an overview of DFG Champions Road Show. It discusses who DFG is, how they design and test their stairlifts through rigorous testing and simulation suits. It also covers their manufacturing process, site assessments, user assessments, recycling process, installations, and aftercare support. The goal is to understand users' needs and safely specify lifts while providing reliable products, assessments, and ongoing support.
How To Cultivate Community Affinity Throughout The Generosity JourneyAggregage
This session will dive into how to create rich generosity experiences that foster long-lasting relationships. You’ll walk away with actionable insights to redefine how you engage with your supporters — emphasizing trust, engagement, and community!
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
Presentation by Rebecca Sachs and Joshua Varcie, analysts in CBO’s Health Analysis Division, at the 13th Annual Conference of the American Society of Health Economists.
karnataka housing board schemes . all schemesnarinav14
The Karnataka government, along with the central government’s Pradhan Mantri Awas Yojana (PMAY), offers various housing schemes to cater to the diverse needs of citizens across the state. This article provides a comprehensive overview of the major housing schemes available in the Karnataka housing board for both urban and rural areas in 2024.
Bharat Mata - History of Indian culture.pdfBharat Mata
Bharat Mata Channel is an initiative towards keeping the culture of this country alive. Our effort is to spread the knowledge of Indian history, culture, religion and Vedas to the masses.
2. www.incic.org.uk
Thank you for Inviting INCIC
Programme
• About INCIC
• What is DPS
• Benefits and Costs of DPS
• The Plymouth Model
• Lots (Categories)
• Invitation To Tender (ITT) and how it
works
• Standards and Consumer protection
• Warranty
3. About INCIC
www.incic.org.uk
Independence CIC (INCIC) is a Community Interest Company, specializing in the Domestic Sector
• The only independent , not for profit Operator, focusing on the older & less abled
• INCIC have the ability to accredit both “Home Adaptations” and “Stair-lifts”
• INCIC focus on improving consumer protection and promoting local, smaller contractors
• INCIC provide Quality Assurance through on-site inspections and customer feedback
• INCIC provide a point of recourse for contractors and customers using our scheme
• INCIC has Primary Authority with Bucks & Surrey County Councils
4. What is a Dynamic Purchasing System (DPS)
and what are the Benefits?
A Dynamic Purchasing System (DPS) is similar to an electronic framework agreement, with two exceptions;
new contractors and suppliers (providers) can join at any time for free
it is run as a completely electronic process
•The legalities relating to the use of a DPS come from the Public Contracts Regulation 2015 (PCR15)
•A DPS is set up for defined requirements . These may be divided into categories or Lots of works or services
•INCIC has entered into an agreement with Plymouth City Council effective from August 2018 and the DPS is
now operational and available nationally
•Other authorities can join the DPS and as well as going live with Plymouth City Council we have an
agreement with LB Bromley and are working with Newham, Barking and Dagenham, Croydon, Teignbridge,
South Hams, Wolverhampton, Derby and Redbridge to go live shortly
www.incic.org.uk
5. Benefits and Costs of accessing DPS
•Use of a flexible, legally compliant electronic Procurement solution which is flexible and can be geared to
the needs of each Authority
•Cost savings through economies of scale from suppliers engaged with this UK wide DPS scheme
• Access to a wider pool of eligible providers, continuously checked and monitored by INCIC, from the DPS provider list
• Cost effective DPS Procurement solution using the ‘Plymouth Model’ as framework agreements come up for renewal.
• Migration of current Procurement system to the DPS managed with the assistance of INCIC . We provide the management and
administration of the overall DPS structure and all documentation associated with it
• Access to current, legally compliant documentation, Contracts and Agreements developed in conjunction with Trading Standards
• Provides ADR and high level Consumer Protection Standards including facility for a Warranty
• Electronic Process using Software developed by INCIC allows access by both Authority and Contractor
• Cost savings for the Authority, flexibility to bring on new Contractors
Costs of the DPS to Contractors - There is no charge to Contractors (providers) who apply and are admitted to the
DPS. Fee 1% to the Authority for works completed within the DPS
www.incic.org.uk
6. Available Lots (Categories)
Lot 1 Bathroom adaptations and associated building works.
Lot 2 Bathroom adaptations and associated building works including design.
Lot 3 Provision and installation of shower and/or bathroom cubical (pre-fabricated Cubicles).
Lot 4 Hoists.
Lot 5 Kitchen adaptations and associated building works.
Lot 6 Kitchen adaptations and associated building works including design.
Lot 7 Minor building works.
Lot 8 Ramps, paths and hardstanding including handrails.
Lot 9 Stair lifts (internal and external).
Lot 10 Through floor lifts (Internal).
Lot 11 External mechanical access lifts (e.g. step lifts) .
Lot 12 Disabled living equipment (e.g. raised WC seats, bath lifts etc.) .
Lot 13 Disabled living equipment requirements/assessment.
Lot 14 Assistive technology services.
Lot 15 Door openers and entry systems.
Lot 16 Major adaptations extensions, conversions.
Lot 17 Home repair and maintenance including handyperson service.
Lot 18 Disabled living home design services.
Lot 19 Occupational Therapy and Trusted Assessors services.
Lot 20 Case Management service.
7. A DPS works in two stages:
Stage 1 - A contracting authority issues a call for competition in Official Journal of the European Union (OJEU).
All providers who meet the standard Pre-qualification Questions (PQQ), and who are not excluded, must be admitted
to the DPS
Contracting authorities must not limit the number of providers that may join a DPS. Unsuccessful providers can
reapply at any time
Stage 2 - Once the DPS is set up, invitations to tender (ITT) can be sent out to DPS providers, in the relevant
categories, to bid for specific contracts individually.
Providers choose whether to bid for each ITT. A decision not to bid does not affect any future opportunities.
The usual timescale from ITT to tender return is 10 days.
Bids are evaluated and the winning bid or bids are awarded Contracts during this second Stage.
DPS – How it Works
www.incic.org.uk
8. •The Plymouth Model can be used for all LOTS used within the DPS
•The original Plymouth Model was used by Plymouth City Council to procure their original bathroom framework. It
was a simple, effective cost plus model, reducing administration costs whilst providing better outcomes for
stakeholders
Key Elements
•Historic data of spend on adaptations from the previous financial year
•Schedule of Rates including time to perform a task and product specification based on required performance
•Hourly Rates based on local trade rates to perform tasks and historic data
•Suppliers provide their best product match and price against the product specification
•Contractors accept established trade hourly rates and access Suppliers best prices through the framework
•Overhead and Profit added by Authority, normally up to 25%
•Selection, based on criteria laid down on application, used to select Providers (Suppliers and Contractors)
The Plymouth Model
www.incic.org.uk
10. www.incic.org.uk
0 12 months- 60days 24 months up to 5 years max
Contractor
Warranty
Full
Insurance
Warranty
Full
Insurance
Warranty
(Extension)
Insurance
Backed
Guarantee
including
solvent refusalDeposit
Protection
Cost
0.95%
0.2%
per year
Subject to:
• Minimum premium of £35
• Admin fee of £10 per policy
• Appropriate technical and
sign-off standards
Warranty Structure
11. Access Agreements
www.incic.org.uk
Customers and Providers are required to
sign an Access Agreement to use the DPS
The Access Agreements lays out T&Cs of
the Agreement and the Customer
provides projected annual spend.
Providers agree to abide by the T&Cs
The Appendix lays out the requirements
and services INCIC will provide to the
customer
The Provider agrees to the Appendix