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Firm closing


finlo

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5 hours ago, A fool and his money..... said:

In my experience you're completely wasting your time trying to decipher Government procurement decisions.

It doesn't matter how much they try and clean it up and make it transparent, vested interests are always the biggest factor, along with egos and personal relationships. Value for money for the taxpayer and quality of the resulting product are about as far down the list as it is possible to get.

Any feedback asked for is invariably vague and meaningless, usually rushed together after the event and completely contradictory.

No one will ever persuade me that a majority of government tenders aren't decided before any tender process starts.

I know this sounds a little bit conspiracy theory, I would have thought that myself before being involved. Having seen how things work first hand though, they are anything but fair or in the best interests of the people funding them.

A lot depends on the specification and information provided to the tenderers. There can often be a lot of room for interpretation when it comes to 'equal and approved' for instance. Likewise, it can be down to availability of specialist equipment or skills on island vs comapnies who can bring over their own kit and staff. Like the guys welding the rails or divers for checking the swimming pool floor mechanism, or ILS equipment installation and testing and commissioning to CAA standards.

Some tender with no intention of getting the work for fear of not being seen to be 'interested' despite being told explicitly that non-submission does not exclude them from future tenders. So they put in a silly price and distort the market. And there have been one or two proven cases of collusion over the years too.

Usually, the contractor who makes the biggest error and can stand by it wins. So put in a price you'd be happy to do it for (i.e. cost plus profit) and see what happens. Taking comfort that you know whoever wins it will be doing it for less than you'd be willing to do it for.

Sometimes they 'buy' jobs by putting it in at cost + negligible profit to retain the business 'as is' rather than lay off staff or get a foothold in the market. When the market is hot then wages soar as competition for skilled workers rises. Happens in the private sector as evidenced by Dandara crying out for brickies and joiners a while back and they binned off the customers with deposits to increase prices to cover those extra costs.

The harsh truth is small companies fail all the time. Up to 60% of new businesses fail in the first 3 years. At least with a government contract the payments and terms are guarenteed as long as you do your bit and aren't going to fold at the end of the job before they pay you.    
 

 

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On 3/17/2023 at 4:10 PM, sm-iom said:

Quinn Legal said to be closing end of May...

Any link to a chap with the same name and of a very similar age that appeared in a newspaper report by IOM Newspapers today? 

Edited by BriT
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4 hours ago, BriT said:

Any link to a chap with the same name and of a very similar age that appeared in a newspaper report by IOM Newspapers today? 

Don't know. Haven't bought a newspaper today, and don't intend to. Please enlighten us...

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7 minutes ago, sm-iom said:

Don't know. Haven't bought a newspaper today, and don't intend to. Please enlighten us...

Not really it’s in the online version. There’s a man aged 46 of the same name denying a sexual assault to be heard in November. 

Edited by BriT
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On 4/16/2023 at 8:52 PM, jackwhite said:

our resident former o'kells guy said they were scaling down brewery to microbrewery so presumably more space automatically. 

 

Wonder if they'd rent to another microbrewery 🤣

Nobody on this Island would like to rent the Okells Equipment/Brewery far too big for local trade it was built for export. Manx Telecom have been down there for years at least 10 maybe more

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6 minutes ago, manxchester said:

It is but surely it’s a big earner for the owners? 

BYOB in the isle of man is for when the restaurant cannot get a licence. Yes it's an attraction for the customer, but it's a bad sign for the business. A restaurant has to be able to make a decent slice of it's profit from selling alcohol. Without that slice they are normally unsustainable. 

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