Net Le’s Post

📢Statement of Support for the Security of Payment Bill📢 The ACEHK (Association of Consulting Engineers Hong Kong) wholeheartedly supports the passage of the Security of Payment Bill. As an organization dedicated to promoting excellence in the engineering consulting industry, we believe that the legislation is crucial for fostering a fair, transparent, and efficient construction industry in Hong Kong. 🗣 We are thrilled to share the news of the successful passing of the Security of Payment Bill by the Legislative Council. This landmark legislation marks a significant step forward in ensuring fair and timely payments within the construction industry, fostering a healthier, more transparent, and sustainable working environment for all stakeholders and the most important, wage arrears of construction workers can be reduced significantly. ✅️ Together, we look forward to a future where fair payment practices become the standard, driving progress and innovation in the construction sector. 💪🏻 #ACEHK #Construction #Engineering #development #SOPL #LegislativeCouncil

🌟💡 Are government contractors middle men or essential intermediaries in the public-private partnership? 💡🌟 Let's consider this: - Government contracting can sometimes be viewed as just an extra layer in the procurement process, but are they really just middlemen? - Their role in bridging the gap between government entities and private sector businesses is crucial for efficient operations. - Government contracts often require specific expertise, resources, and capabilities that may not be readily available within the government itself. When you think about it: - They act as the connective tissue ensuring that the right services and products are delivered on time and within budget. - Their involvement can streamline operations, provide cost savings, and ensure compliance with regulations. - At the end of the day, isn't their presence a key factor in driving innovation and competition within the government marketplace? So, next time you hear the term middle man in relation to government contracting, consider the value they bring to the table. 💼 #GovernmentContracting #PublicPrivatePartnership #Efficiency #Innovation

Did you know that delays of complex #construction projects in Asia can face claims amounting to 65% more time compared to the original contract duration? Find out https://bit.ly/4iTi6Aw how delay-related risks and claims disputes can be addressed to mitigate financial losses. #ConstructionIndustry #ConstructionDelay #InsuranceClaims #ConstructionManagement #ConstructionProjects #RiskManagement #CommercialInsurance #MarshAsia

Have you heard of the new Public Procurement Act? It will only require organisations to name unsuccessful bidders for contracts worth over £5 million. It also doesn't have utility, turnover calculation, and transition provisions. What do you think of the Public Procurement Act? Let us know in the comment section. See more here: https://bit.ly/4aoC5l5 #PublicProcurementAct #TransitionProvisions #PublicProcurement

Ever wondered about the role of middlemen in government contracting? Let's dive in and explore this intriguing dynamic. 🔹 While middlemen play a crucial part in connecting government agencies with contractors, the question arises: Are they necessary or problematic? 🔹 The presence of middlemen can streamline the procurement process, providing expertise and efficiency to a complex system. 🔹 However, concerns about transparency, accountability, and fair competition often linger when middlemen are involved in government contracts. 🔹 Are they facilitators of smooth transactions or barriers to a level playing field? The answer may lie in understanding their impact on the overall process. 🔹 As the middleman, the balance of power is delicate—walking the fine line between adding value and potentially distorting the procurement landscape. 🔹 To uphold integrity in government contracting, transparency and ethical practices must be prioritized, ensuring that middlemen serve the public interest above all else. 🔹 Embracing technology and innovation can help streamline processes and reduce the need for excessive intermediary involvement, fostering a more efficient and equitable procurement environment. What's your take on the role of middlemen in government contracting? Share your insights and join the conversation! #GovernmentContracting #MiddlemanDebate #TransparencyMatters

The Procurement Act is coming: are you prepared? Hosted in partnership with TLT LLP you can access our free, on-demand resources and insights: -Keep up-to-date on the latest changes with the Act, ahead of its launch in Feb 2025 -Its impact on the Construction industry -See how it affects you Watch the videos 👉 https://ow.ly/jlso50TVgxe Make the Act work for you. #ProcurementAct #Construction #ConstructionProcurementAct

What, if anything, does the #ProcurementAct2023 have to say about land development agreements? Will the Act clear up past uncertainties in this area? Here, we look at this question and share some thoughts.

The Government has released a refreshed Public Private Partnership (PPP) framework that provides a blueprint to the market outlining how the government will approach future PPP transactions. There are several key elements in the refreshed Blueprint for PPPs: - Risk transfer – an expectation that risks should sit with those best-placed to address them, recognising wholesale transfer of risk to private partners has undermined private appetite for new projects. - Bid cost recognition – guidance for agencies on how to lower the time and cost burden involved in bidding to enhance competitive tension. - Collaborative tendering – enhancements to the Interactive Tender Process to enable bidders to work better with the client to develop solutions that better fit the ask. - Affordability Threshold and Public Sector Comparator – provision for a more reasonable non-PPP delivery comparison, and for reasonable price validation, acknowledging previous examples of unreasonable estimates. - Claims and dispute resolution – an improved process for managing disputes to combine with other changes aimed at reducing dispute incidence (e.g., better attribution of risk, enhanced collaboration, and a more realistic affordability threshold) to drive better relationships and outcomes. - Crown resourcing and capability – a recognition of the importance of having an informed and engaged client and robust centralised PPP capability for good project outcomes. https://lnkd.in/gEYDd3jY #doingthingsright #betterbusinesscases #efficacygroup

THE Auditor General’s report has revealed that US$30 million meant for the commencement of construction of the Lusaka-Ndola dual carriageway under the Patriotic Front (PF) administration has not been accounted for. Road Development Agency (RDA) engaged China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) on May 31, 2017 to construct approximately 321km of the Lusaka-Ndola dual carriageway, including bypass roads in Kabwe and Kapiri Mposhi, 45km of the Luanshya-Fisenge-Masangano road, toll plazas, RDA headquarters and filling stations at US$1.2 billion. “According to clause 6 of the contract, the contractor was to facilitate the financing arrangements for the project,” the audit report reads. “In this regard, on 28th May 2019, the minister of Finance and China Jiangxi Corporation agreed to a credit facility of US$187,000,000 for the purpose of financing 15 percent of the commercial contract of US$1,245,775,986.98 for the Lusaka-Ndola dual carriageway project. READ MORE: https://shorturl.at/sGLNT

🚀 Government Contracting as a Middle Man Have you ever considered the role of middlemen in the world of government contracting? 🤔 Let's break it down and delve into this intriguing dynamic. 💡 1. Efficiency vs. Transparency: As middlemen facilitate deals between government agencies and contractors, the balance between efficiency and transparency often comes into question. Are these intermediaries streamlining processes or creating layers of complexity? 🔄 2. Value Proposition: What value do middlemen bring to the table in government contracting? Are they truly enhancing the end result or simply adding another link in the chain? 🤝 3. Accountability Matters: With various stakeholders involved, ensuring accountability in government contracts is paramount. How do middlemen contribute to transparency and oversight in deals that impact public resources? 🔍 4. Innovation in Procurement: Can the presence of middlemen spur innovation in government procurement processes, or do they potentially stifle creativity and competition? 🌟 5. The Cost Factor: Considering the fees and commissions involved, how do middlemen impact the overall cost of government contracts? Are these costs justified by the benefits they provide? 💰 In the intricate web of government contracting, middlemen play a crucial role that merits reflection and analysis. It's essential to strike a balance between efficiency, transparency, and value to ensure that these intermediaries enhance, rather than hinder, the procurement process. 💼 Let's continue the conversation and explore the implications of government contracting as a middleman. Your insights and perspectives are invaluable in navigating this complex landscape. 🌐 #GovernmentContracting #MiddleMan #ProcurementInsights