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Oxygen Finance Parent Company IPO Sets It For Growth

Feb 22, 2018
Oxygen Finance is poised for growth following the successful completion of parent company’s (TruFin) IPO on the AIM market of the London Stock Exchange. Oxygen Finance works principally with public sector businesses to improve the operational effectiveness of their purchase-to-pay systems and...

Renewable Energy Direct to Customers Via PPAs

Feb 22, 2018
Power purchase agreements (PPAs), contracts that sell energy directly to large corporate and industrial customers through multi-year supply contracts rather than to the wholesale market, are gaining traction in the European wind power sector. With increasing decentralisation “The wind market is...

Unilever First in Complete Supply Chain Transparency Move

Feb 22, 2018
Palm oil supply chains are complex as the fruit changes hands many times from farmers to agents before it reaches a mill. It is then transported via traders to refineries for further processing, when it enters a company’s supply chain – explains Jakarta Globe here. This week giant consumer...

DoD Hand-Me-Down Drones Prove to Be Valuable Asset for Interior Dept.

Feb 16, 2018
The Department of Interior’s fleet of drones are mostly hand-me-downs from the Department of Defense and cost less than a single one of its manned aircraft. They have been useful in jobs like dam inspections and wildlife surveys, cutting down the time to complete the task at a fraction of the...

Glasgow WAN Contract To Transform City’s Digital Infrastructure

Feb 14, 2018
An Edinburgh-based SME has landed a pivotal role in one of the UK’s largest recent public sector contracts that will see Glasgow evolve its digital city status, says Digital by Default. Scotland’s largest independent telecoms firm, Commsworld, has finalised a £30m contract to become a key...

UK Construction Tender Prices Anticipated To Rise

Feb 14, 2018
Construction News reports that a supply chain squeeze will push up tender prices. They are anticipated to rise in 2018 owing to the supply chain being unable to support rising input costs, according to Mace’s cost consultancy arm. The company has revised its forecasts for tender price rises in...

Extraordinary Session Concerning Delayed Modernisation Of Slovak Military

Feb 14, 2018
An extraordinary session concerning the delayed modernisation of the Slovak military has taken place lasting eight hours. MPs and lawmakers of the ruling coalition have criticised delays. “… most of the planned procurements are already obsolete before they are delivered and military equipment...

Malta – Direct Orders Total Just Under €30 million

Feb 14, 2018
Just under €30 million in direct orders were placed by public entities by three ministers over the past two years, procuring goods and services directly rather than by making a call for bids for open competition, according to information given in Parliament, says Times of Malta. Among them,...

Set Of Principles Needed For Public Outsourcing Contracts, Says Unison

Feb 14, 2018
General Secretary of UK trade union Unison said in a letter to the Cabinet Office that in-house service provision should be the default option for public service delivery. He calls for a set of principles, similar to standards adopted in the 1990s, to be imposed on private contractors that deliver...

Ireland Seeks To Overhaul Public Procurement Model

Feb 14, 2018
The Irish Examiner reports that the State has sought to overhaul the system of public tenders with the aim of achieving better value for money. Chairman of Bid Services consultancy, in a critical review of the system, highlighted the high transaction costs, including heavy delays faced by those...

New UK Military Rapid Procurement Process for Urgent Needs

Feb 9, 2018
In a major change in UK military policy, the emergency procurement of new equipment in response to field commanders to deal with emerging threats now has to be paid out of the UK Ministry of Defence’s own budget rather than from the UK Treasury’s (finance ministry’s) reserve fund for crisis...

French Defence Spending Mammoth Boost to Hit NATO Target

Feb 9, 2018
This week France’s defence ministry announced plans to raise its spending by more than 40% – from 34.2 billion euros in 2018 to 50 billion euros in 2025. The move is to bring it in line with NATO targets following complaints that the US accounts for 70% of combined NATO defence spending and...