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Nairaland Forum / Nairaland / General / Politics / FG Ties Contract Payment To Performance (2324 Views)
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FG Ties Contract Payment To Performance by Beaf: 1:26am On Nov 10, 2011 |
[size=14pt]Fed Govt ties contract payment to performance[/size] By Vincent Ikuomola, Abuja1 hour ago The era of consultants getting full payment for projects before completion is gone for good, the Federal Government said yesterday. Henceforth, payments would be tied to performance, government added, even as it announced the establishment of a team to work on a template that will reduce contract cost. These were some of the decisions reached at the weekly Federal Executive Council (FEC) presided over by President Goodluck Jonathan yesterday. Briefing reporters at the end of the meeting, Minister of Information Labaran Maku, said the issue of uncompleted projects has become a source of concern to the president who had directed that no contract will come to the council without an agreed and verifiable transition plan, to ensure all projects are awarded and completed smoothly and on time. He said: “Another issue was that of uncompleted projects that has continued to be a source of concern to Mr. President and all Nigerians. “He directed that for the period he is in power, he will want to see all the projects initiated and awarded by his administration are completed on schedule, within the period of his administration. “He directed the coordinating minister of the economy as well as the Bureau of Public Procurement (BPP), Minister of Finance, to ensure that no contract will come to council without an agreed and verifiable transition plan, to ensure all projects are awarded and completed smoothly and on time. “The consequence of uncompleted projects is that money is tied down and Nigerians are not benefiting from the services that those projects are suppose to offer. In addition to that, contractors keep coming up with augmentation plans, once execution time plan for a project is exceeded. “So, this matter has become a very serious problem not just to the Federal Government but nationwide, but Mr. President believes one of the quick ways of tackling it is to ensure that onward we can make a remedy. “So, all contracts every minister is bringing must be proved and backed up with a financial plan that will be smooth and timely exist from those projects. “It was agreed that there is no need starting something that will not be completed and Nigerians will not benefit. “As you do know part of the strategy of this budget is to complete existing project awarded by previous administrations, that unless we carry this project to completion, the huge investments in them running to trillions of naira will be wasted,” the minister said. On contract cost, Maku said the President is also worried that various measures put in place have not been able to stem the tide as contract cost soars against normal norms. Government, he said has still not been able to arrive at what could consider to be universally appropriate valuation of projects in the public sector in Nigeria. http://www.thenationonlineng.net/2011/index.php/news/25865-fed-govt-ties-contract-payment-to-performance.html |
Re: FG Ties Contract Payment To Performance by Beaf: 1:28am On Nov 10, 2011 |
This policy will greatly help to lessen corruption. I wonder what the state governors will have to say about extending the practice to their domains? |
Re: FG Ties Contract Payment To Performance by xtianh(m): 2:09pm On Nov 10, 2011 |
One of those political round tables, little or no effect, lets just hpe n pray accordng to GEJ |
Re: FG Ties Contract Payment To Performance by PointB: 2:47pm On Nov 10, 2011 |
Beaf: Very much so. Fighting corruption does not necessarily mean bundling people to jail, and hounding political opponents as we saw in pasted years. Plugging loopholes is brilliant, very subtle, yet effective way of ridding the populace from the corrupt men and practices. Good one - GEJ! |
Re: FG Ties Contract Payment To Performance by anuforoudo(f): 4:30pm On Nov 10, 2011 |
Mr. President, thanks for that single approach. You have saved Billions for this Nation if they don't flaw this policy. |
Re: FG Ties Contract Payment To Performance by deco2come: 4:41pm On Nov 10, 2011 |
That is a good policy is they carry it out. It would also be nice if they will show us what kind of road, house, or other project they plan to build before the contract is given to them. In most of the develop countries, before any construction firm start any project for example, road, bridge, market, etc, they have a complete design in form of 3D, or any graphical design. Citizens will have the chance of seeing what the project would look like when the project has been completed. Mr President, ask all of them to carry out the same procedure so that we will know when they are cheating us. Beside, it will help people in graphic and design industry |
Re: FG Ties Contract Payment To Performance by occam(m): 4:43pm On Nov 10, 2011 |
Beaf: It's only a start, albeit a good one. Will this reduce corruption? Let's wait and see. Metrics for measuring performance has to be clear and transparent to all, if not corruption as usual will rule the day. No be Naija For instance, how do you assess performance on a road project? Timely completion, quality of work or both. If a contractor completes a road project and within 12 months potholes begin to render the road unusable, will govt demand a refund or a redo of the project? All sounds good on paper but so long as GEJ surrounds himself with corrupt ministers, its all talk. What of Mobilization fee? I can see this fee going up significantly as contractors will try to get more money upfront to settle Ministers and civil servants |
Re: FG Ties Contract Payment To Performance by Kobojunkie: 4:45pm On Nov 10, 2011 |
Yawn!!! Na wa oo!!! And here I thought this was an obvious common sense idea. ![]() |
Re: FG Ties Contract Payment To Performance by sunylop: 4:46pm On Nov 10, 2011 |
I pray this works, |
Re: FG Ties Contract Payment To Performance by ugosly(m): 4:48pm On Nov 10, 2011 |
Story,story,STORY!! After saving bilions wat do they do with it. anuforoudo: |
Re: FG Ties Contract Payment To Performance by Fhemmmy: 4:54pm On Nov 10, 2011 |
Story |
Re: FG Ties Contract Payment To Performance by ajileko: 4:55pm On Nov 10, 2011 |
Who are they kidding ? Let's hope this is enforced because talk is cheap. |
Re: FG Ties Contract Payment To Performance by ugosly(m): 4:56pm On Nov 10, 2011 |
Kobojunkie:I tire o! I Cant belive Some GEJ apologists re actually congratulating him for this cheap talk dat will neva be backd wit action. |
Re: FG Ties Contract Payment To Performance by manny4life(m): 4:57pm On Nov 10, 2011 |
@Beaf, I have to differ with you on this one; I honestly believe that the right way to tackle corrpution (head-on) is criminal penalties. Trying to bypass the right channels will just create room for another loophole. If there's corruption in the Judicial system, tackle the corruption from there, if there's corruption at DOJ, tackle it from there. If there's one at the Investigative Unit of White Collar crime, tackle it from there, but trying to bypass this ain't helping , IMO. Although good initiative but less effective. |
Re: FG Ties Contract Payment To Performance by BoOOosHBoy: 5:27pm On Nov 10, 2011 |
You ppl and GEJ. HMMM |
Re: FG Ties Contract Payment To Performance by PointB: 5:34pm On Nov 10, 2011 |
deco2come: @italic I wonder why this practice is not the norm. Besides it not very expensive to acquire models and prototypes. |
Re: FG Ties Contract Payment To Performance by stepo707: 5:37pm On Nov 10, 2011 |
Too much talk Goodluck |
Re: FG Ties Contract Payment To Performance by godman01(m): 6:06pm On Nov 10, 2011 |
Its a good development, but i hope the contractors won't decide to use inferior materials since some of their money is still on hold. |
Re: FG Ties Contract Payment To Performance by deco2come: 6:29pm On Nov 10, 2011 |
PointB: I still wonder how an engineer can construct a road without making a provision people with bike, bicycle, and also pedestrians. To make the matter worst, most roads only contain one lain. How can in this stage of time, an engineer will have the face to call him or herself an engineer. Sometimes you wonder why there is a lot of accidents. |
Re: FG Ties Contract Payment To Performance by dustydee: 6:32pm On Nov 10, 2011 |
Good one but there should also be something like SLAs built into such contracts to mitigate non performance. I remember the builders of wembley stadium were paying the british govt some money per day for failing to meet the dead line. So if you signed to deliver by october 1 and have not finshed by oct 2nd without any reasonable reason, then there should be penalties |
Re: FG Ties Contract Payment To Performance by nep2ra(m): 7:10pm On Nov 10, 2011 |
And I say again: Fresh Air!!! |
Re: FG Ties Contract Payment To Performance by Yinkay: 7:32pm On Nov 10, 2011 |
na today, is that not the standard for all contract payments? payment are based on % of work certified done. Of what essence is the requirement for Bank Guanrantees or Advance Payment Guarantee in contract applications and appointment of Project Managers? |
Re: FG Ties Contract Payment To Performance by Kobojunkie: 7:41pm On Nov 10, 2011 |
Yinkay: Like I said, common sense ooo!!! |
Re: FG Ties Contract Payment To Performance by Nobody: 7:51pm On Nov 10, 2011 |
a far more competent man did it quite simply - handshake or handcuff ; and without any fanfare |
Re: FG Ties Contract Payment To Performance by demmy8: 8:09pm On Nov 10, 2011 |
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Re: FG Ties Contract Payment To Performance by otokx(m): 8:32pm On Nov 10, 2011 |
Story, story |
Re: FG Ties Contract Payment To Performance by nagoma(m): 10:06pm On Nov 10, 2011 |
Contract payments have always been linked to performance there is nothing new in this. But in most contracts in Nigeria this is observed in default in connivance with senior government officials,the contractor pay the government officials the big wigs and the contractor doesn't have to perform. PDP as it exists is synonymous to corruption and GEJ has'nt demonstrated the capacity to fight any evil. So don't be deceived.talk is cheap. |
Re: FG Ties Contract Payment To Performance by VolvoS60(m): 6:27am On Nov 11, 2011 |
"Whenever I read about some company undertaking a cost-cutting program, I know it's not a company that really knows what costs are all about. Spurts don't work in this area. The really good manager does not wake up in the morning and say, "This is the day I'm going to cut costs," any more than he wakes up and decides to practice breathing." - Warren Buffett The Nigerian tragicomedy continues. I am convinced that the Nigerian people must rank among the most foolish people on this planet, and I make absolutely no apologies for saying this. I await the half-hearted rebuttals and insults. There’s no need for anyone to pay for a screening of Orwell’s Animal Farm. They could watch it for free right here in the Federal Republic of Nigeria, day after day, week after week, year after year - its happening live. And as it was in that novella, the biggest problem wasn’t the pigs and their corruption/betrayal of the revolution but the incomprehensible stupidity and gullibility of the sheep and the other ‘expendables’. It is painful to admit it but we are all sheep now. All 167 million of us. Fifty years after the British left and after 12 years of the PDP and we are still stating the obvious? ![]() Kobojunkie: Yinkay: Please tell them. |
Re: FG Ties Contract Payment To Performance by WaltherPPK: 7:14am On Nov 11, 2011 |
Yinkay:Gbam. |
Re: FG Ties Contract Payment To Performance by Johnpaul2k2(m): 7:47am On Nov 11, 2011 |
otokx: stepo707: BoOOosHBoy: ugosly:Nigerians and their negative spirits ![]() ![]() ![]() ![]() ![]() ![]() |
Re: FG Ties Contract Payment To Performance by okito: 8:12am On Nov 11, 2011 |
It's unbeleivable that hitherto contractors were given jobs by the FG without them posting performance bonds. I wont even be suprised to know that they get advance payment without an advance payment guarantee/bond. These are fundamental business practices with which clients safeguard their funds and quailty of job delivered. One only hopes that this policy will be implemented to the letter. it's realy a shame! |
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