Industry & Business

ISME Expresses Concern With Lowest Price Bid Tendering

 Breaking News
  • Fáilte Ireland Unveils Range of Measures to Sustain Tourism Growth For 2019 Creating a series of long-term tourism development plans for specific geographical locations, developing new festivals to lengthen the tourism season, and promoting careers in the tourism sector – these are just some of the key initiatives Fáilte Ireland’s CEO Paul Kelly has outline, as he set out plans for 2019. As the tourism agency looks to [...]...
  • Genesys Creates 200 New Tech Jobs and Establishes Global Artificial Intelligence Centre of Excellence Genesys®, the global leader in omnichannel customer experience and contact centre solutions, has announced it is creating 200 new technology jobs in Ireland over the next three years. The senior and highly skilled technical roles are based at the company’s new Galway office. The state-of-the-art facility serves as a Genesys research and development (R&D) hub [...]...
  • Bausch Health to Expand Contact Lens Manufacturing Facility in Waterford Bausch Health Companies will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester in the US. The company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses. “Bausch + Lomb is one [...]...
  • PropertyBridges.com Successfully Completes First Ever Peer to Peer Property Loan in Ireland Propertybridges.com, Ireland’s new peer to peer lender to the property development marketplace, has just successfully fulfilled its first loan. Over 100 lenders piled into the 250k loan for a new mews build in Sandycove, County Dublin and supported the small developer as well as made 8.5% return for themselves. The whole process took less than [...]...
  • Inclusive and Sustainable Responsible Research & Innovation More citizens are involved in science through public engagement. Natural scientists and social scientists have formed collaborations. Users are leading innovation. Open access trends are changing the publishing system. Gender equality has gained political momentum. Together, these efforts form a European-wide approach called Responsible Research and Innovation (RRI). It implies that all of society (researchers, [...]...

ISME Expresses Concern With Lowest Price Bid Tendering

ISME Expresses Concern With Lowest Price Bid Tendering
October 30
09:25 2018

Following the award of school building contracts to Western Building Services after fire defects had been identified, ISME, the Irish SME association, has expressed concern with how public works contracts are granted to the lowest cost tenderers.

Commenting on Western Building Services investigation, ISME Vice Chair Ross McCarthy noted: “While we do not know the details surrounding structural safety concerns with recently completed schools, the issue highlights the importance of carefully managing construction projects in the public sector. There is a concern that public works are rewarding lowest cost bidding behaviour. The issue has highlighted the importance of carefully managing the award and then delivery of construction projects in the public sector. Lowest price bid tendering does not necessarily mean cost-effectiveness. The technical and value-for-money merits of competing bids in the tendering process are being ignored. Contract management is also key.”

Regarding excessive costs, Ross McCarthy added: “It is likely that the remediation costs associated with the schools, and potentially hospitals,involved in the current investigation will run into the many tens of millions. When this remediation cost is added to the initial tender cost, it may well exceed many of the competitive bids that lost out on a cost basis.”

ISME does not believe that the current lowest cost driven method is the most appropriate one to apply in the procurement of fixed assets with a 40-plus year life-cycle.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4