Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks for your take on it regulator
Bush...
Big gamblers the chinese they need those brown envelopes to go to the casino!! ! Lj
bakky, too true. I spent a few years in mainland China, I came up with a concept called Cannabuds Giftware - I was working in this factory making designs, molds etc and living on site - The owner I got to know quite well, every Friday he took me, few others and his head team out to a resturant - Before dinner, the electicity guy rocked up, brown envelope, the waste disposal guy, brown envelope, the local cops, brown envelope and on it went - Every single Friday, even though he paid the companies - No pay, no play he used to say.
Bit more subtle in the UK - In SA where I grew up, corruption is key for the country to run, even Eskom the main electricity supplier , the bribes and brown envelopes, that is state owned - It will make you fall off your chair with what go's on.
Bush,..yes, but it looks like they are doing it correctly to the outside world. We know as you say, there are many ways to skin the cat. Just covering their ar ses that's all!
RegulatorUK, I don't think you will ever stop it, this example yes, but they will just move on, there are a hundred and 10 thousand ways to skin the cat, this is being going in some form since the first humans left African and went to China - Corruption, back handers, favours, what the name tag, its in the fabric of society at every level.
Uppers, yes I suppose it's to cut out the actions of previous 'awards' to mates we can say. Big beady eyes will now look at every tender that goes out, and every penny spent, just like it should be, however they will still internally have their 'preferred' supplier, no doubt.
t will make it harder for ministers and their appointees to award large contracts to Tory Party donors and their mates...
Long over due..... Pigs in troughs
It will make it harder for ministers and their appointees to award large contracts to Tory Party donors and their mates...
Is this to stop, say for example, pub landlords getting awarded contracts as they would not mmet application criteria?
"so are you saying that possibly a "gentleman's agreement" has already been made (*wink*) but from the outside it has to look impartial. "
Not exactly...
DHSC has taken steps to secure access to the LFT production capacity but, due to exigencies, have done so outside the accepted procurement processes and, in so doing, potentially restricted the market unduly. They can do this but they need to mitigate the potential restriction to the market - a DPS enables new entrants who meet the requirements (are 'qualified') to potentially get a slice of the pie as well.
CaptainS, something like that yes! The way they are doing it covers their backs, unlike before when they tossed millions at their mates. ODX already have a contract to manufacture!
so are you saying that possibly a "gentleman's agreement" has already been made (*wink*) but from the outside it has to look impartial. A bit like when company's advertise a job but the position is pretty much guaranteed to someone internally? still has to be advertised though it is already been pencilled?
"thanks regulator - but i still dont understand how the gov can give equipment at such an "early" stage?"
They'll argue exigencies - but the recent judgement made it clear that even in a pandemic there are limits.
Opening a DPS to new entrants mitigates the likelihood of challenge.
I would think ODX are in a good position as they will make whatever tests are chosen to fill their capacity as per the contract they already have. Not sure it matters too much who's tests they manufacture, so long as they keep the machinery going flat out.
''Omega (AIM: ODX), the medical diagnostics company focused on CD4, infectious diseases and food intolerance testing, announces that it has agreed a contract with the Department of Health and Social Care ("DHSC") to provide manufacturing capacity for COVID-19 lateral flow antigen tests, as part of the UK Government's well-publicised target of producing two million lateral flow tests per day.
The intention is that as soon as the DHSC has access to a test that has successfully passed a performance evaluation, the test will be licensed for Omega to manufacture. As part of the contract, DHSC will loan a number of key pieces of manufacturing equipment.
thanks regulator - but i still dont understand how the gov can give equipment at such an "early" stage?
they might be opening it up to others, but they will still choose who they want. Doing it this way is to stop any aggro they might get down the line.
"regulator - i am confused. Surely if the government have issued equipment then ODX have gone past the award stage? that newspaper article suggested the three approved suppliers so they must have won a bid already?"
There was no bid. By putting in place the DPS, the DHSC is opening the market to new entrants and thus mitigating the potential for challenge that might arise from what it has done (or failed to do I should say) so far.
"Do you think then that we might see multiple smaller contracts rather than a big £700m whopper that we all hoped for?"
I think we'll see more contracts - but they're not going to be small...
Thanks Regulator. Do you think then that we might see multiple smaller contracts rather than a big £700m whopper that we all hoped for? It seems that's the way the Dynamic system is going to operate.
regulator - i am confused. Surely if the government have issued equipment then ODX have gone past the award stage? that newspaper article suggested the three approved suppliers so they must have won a bid already?
"The CAN are effectively an order and that's what you'd expect a company like ODX to RNS."
Sorry - that should have read 'The CAN are effectively public confirmation of an order and that's what you'd expect a company like ODX to RNS.'
"The video says 'contract notice early March.' Time 07.04 on that slide."
'Contract notice' is being used in its generic sense in that diagram. You couldn't award a Contract pre-qualification.
Basically, what will happen is that a DPS notice will be issued, suppliers will send in their applications for qualification (inclusion on the DPS) and, from early April, commissioners can use the DPS to tender contracts. The video makes no reference to the capacity for direct awards so we have to assume the mini-tenders will require a Tender Notice, followed by supplier(s) selection, and then finally contract award.
One advantage to DPS is that you don't have to have a standstill period - in which case Contract Award Notices (CAN) have to be published within 20 days of contract award. The CAN are effectively an order and that's what you'd expect a company like ODX to RNS.
The video says 'contract notice early March.' Time 07.04 on that slide. Then the qualifying window opens up in early April which is where we should see the real action. What's your understanding of what 'contract notice' means from the NHS perspective? Thanks.
"Looks like first 2 weeks of March we'll see contract notes. Cheers"
We won't. The initial qualification period begins in March. The initial confirmation of inclusion on the DPS will be in early April. Contracts/order will then be subject to mini-tenders.
Very interesting stuff here. https://vimeo.com/516654709/b3f7bdeda6
Looks like first 2 weeks of March we'll see contract notes. Cheers