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(Kent Online)   Not news: Ferry company goes into liquidation. News: The firm was award a £13.8 million contract by the UK Government. Fark: when the contract was awarded, the ferry company didn't own any ships   (kentonline.co.uk) divider line
    More: Facepalm, Kent, Tax, Councillor, Thanet councillor Karen Constantine, Universal quantification, Transport Secretary Chris Grayling, Dover's port, ferry firm  
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451 clicks; posted to Business » on 23 Sep 2020 at 1:12 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-09-23 1:24:40 PM  
3 votes:

beezeltown: That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.


IIRC the taxpayers did have to fork out something like £33m to a competitor though, as settlement for a lawsuit they brought against the government for circumventing tendering processes to award this idiot contract. So yeah, it remains an utter clusterfark.
 
2020-09-23 3:10:59 PM  
2 votes:

beezeltown: That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.


TFA was stupid.

Its common to run services by leasing ships or airplanes. It means that the companies can be quicker to adopt to changing circumstances.

The company seemingly had other problems though.
 
2020-09-23 1:20:38 PM  
2 votes:

beezeltown: That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.


THis, even though no money changed hands, it seems that checking to see if the company actually owned the vessels needed for the job would have been a prerequisite to giving them the contract.

At any rate money was wasted, far less than the amount of the contract but still unneeded waste.
 
Xai [TotalFark]
2020-09-23 12:23:50 PM  
2 votes:
I smell a scam - the directors walk away from this with some very large pay packets and the public foot the bill. Funny that it's based in Farage's local area, isn't it?
 
2020-09-23 11:45:31 AM  
2 votes:
That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.
 
2020-09-23 9:27:57 PM  
1 vote:

Ketchuponsteak: beezeltown: That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.

TFA was stupid.

Its common to run services by leasing ships or airplanes. It means that the companies can be quicker to adopt to changing circumstances.

The company seemingly had other problems though.


Going from memory, the company had zero experience at any of the above. Worse all ferries they could have contracted were unavailable for the next 70+ years. This was hashed out on fark a long time ago. It stank to high heaven then and now it's fish guts in the wheel well.

/ They could have used the followup tag and the obvious tag for this one.
// in the old thread we had everything, even a stand up routine from ol' pewterschmidt.
 
2020-09-23 3:38:39 PM  
1 vote:

Ketchuponsteak: beezeltown: That's some piss poor due diligence on the front end of the contract process.

TFA notes that the contract was canceled before any payments were made. Also, this was for freight, not ferry service. Still, this was a waste of time and resources to go through the process and not catch the fact that the applicant didn't possess any boats.

TFA was stupid.

Its common to run services by leasing ships or airplanes. It means that the companies can be quicker to adopt to changing circumstances.

The company seemingly had other problems though.


Yeah, that's why I said "possess" instead of "own." It appears the company had no means to deliver on the contract at the time the contract was awarded. Ships, railcars, aircraft, drilling rigs, etc. are often not specifically "owned" by their operators for a number of reasons, but this company made promises they couldn't reasonably keep. The initial contract due diligence should suss out who's proposals should be considered.
 
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