Over the past few weeks, I received email messages from Merx telling me to “Take Advantage of Year-End Public Spending” and “Government Year-End Means Iincreased [sic] Tender Postings”.
Merx is the public tendering portal for many levels of government and for some private sector companies.
Obviously, suppliers to the government like the year-end rush to spend remaining money in the budget.
Would you run your business that way? How do most CEOs respond to people spending on the basis of ‘use it or lose it’? As a former telco boss of mine used to say when we were reviewing the capital program, “if this was your candy store, would you spend the money?”
I trust that departments are prudently spending consistent with meeting their objectives. I also hope suppliers are offering financial incentives so that we, the taxpayers, feel comfortable that we’re getting good ‘year-end’ public savings to go along with that year-end public spending.
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