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1.

New rules target procurement black economy

Businesses seeking to tender for Australian government procurement contracts will for the first time have to show proof they have squeaky clean tax credentials under new guidelines designed to increas ......

  • Australia
  • Administration & Marketing
  • 02 Jul 2019
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Description Businesses seeking to tender for Australian government procurement contracts will for the first time have to show proof they have squeaky clean tax credentials under new guidelines designed to increase the integrity of government procurement. From July, businesses tendering for contracts over $4 million will be required to provide a statement from the ATO proving they have a satisfactory tax record, the Treasury guidelines say. “Increasing the integrity of Commonwealth Government procurement processes promotes good tax Mathias Cormann behaviour and creates an even playing field for businesses that comply with their tax obligations,” the document, released in March, says. In a joint message, Assistant Treasurer Stuart Robert and Finance Minister Mathias Cormann say supply chain integrity can be easily undermined as a result of illegal supplier practices, of which purchasers are often unaware. “This policy is about reducing black economy behaviour by businesses involved in government procurement contracts so the government can lead by example and support businesses that are doing the right thing,” they say. “The black economy harms those less able to protect themselves and penalises those doing the right thing. The black economy undermines trust and creates an unlevel playing field.” Connections to organised crime The policy follows the final report of the Black Economy Taskforce, which found the supply chain is becoming more complex and competitive and recommended targeting government procurement to ensure the government led by example. That taskforce report, released in October 2017, found the public sector, no less than the private sector, is under pressure to cut costs and may opt for the cheapest bid, “even if it seems suspiciously low”. It also noted that government across all levels is a large procurer of services in high-risk sectors such as building and construction, security and cleaning, long and complex supply chains are hard to police. “We have heard of examples where honest businesses are underbid by tenderers with unrealistically low bids. In such cases businesses are unlikely to comply with all tax and employment obligations. In some cases there were connections to organised crime.” New guidelines The new policy guidelines will be introduced over a year, with businesses eventually also required to demonstrate they meet superannuation and third party reporting obligations and disclose any court order penalties or convictions for phoenixing, bribery or corruption. Tax agents and consulting firms that provide advisory services may also have to provide details of their services to show they are not involved in promoting dodgy tax schemes. The policy comes into force on July 1 and applies to new tenders on or after that date for all goods and services. It doesn’t affect existing contracts. It requires that companies supply a Statement of Tax Record (STR) within four days of making a tender submission. The STR will remain valid for 12 months. Comment below to have your say on this story. If you have a news story or tip-off, get in touch at editorial@governmentnews.com.au. Sign up to the Government News newsletter.
Industry Administration & Marketing
Source https://www.governmentnews.com.au/new-requirements-target-procurement-black-economy/
2.

Afreximbank to grant $140m credit facility to Eswatini

The African Export-Import Bank (Afreximbank) has said it will provide a credit facility valued at two billion Rands (about 140 million dollars) to the Kingdom of Eswatini for trade and economic goals. ......

  • South Africa
  • Administration & Marketing
  • 28 Jun 2019
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Description The African Export-Import Bank (Afreximbank) has said it will provide a credit facility valued at two billion Rands (about 140 million dollars) to the Kingdom of Eswatini for trade and economic goals.Prof. Benedict Oramah, Afreximbank’s President, said on Wednesday that the facility would enable the Kingdom achieve required funding to meet trade and strategic economic goals. In a statement in Abuja on Thursday, Oramah made the announcement when he led a delegation of the bank to visit King Mswati III of the Kingdom of Eswatini in Mbabane. He said that the facility would also enable the Kingdom to leverage its future financial flows as a tool for economic development. Oramah affirmed Afreximbank’s commitment to supporting the economic growth of Eswatini. While recognising the large supply of timber in the country, he urged the government to develop a policy for its processing. “We want to be relevant to this country. This visit will help us chart a more aggressive course to support the development of the country. “There are many areas in which we can assist and we can provide support to your timber industry,“ he said. The King of Eswatini commended Afreximbank for the assistance and services it was committing to the country. He welcomed the signing of the joint declaration between the country and Afreximbank, saying it was a key contribution towards the development of the Kingdom. Earlier, Neal Rijkenberg, Eswatini’s Minister of Finance, who signed the Joint Declaration on behalf of the government, said the facility when effective would help address development opportunities in the kingdom. Rijkenberg said that Eswatini could use Afreximbank’s assistance for advisory services in converting Eswatini’s agro-processing potential into a leading export driver. He also invited the bank to explore opportunities in the tourism and manufacturing sectors. Afreximbank’s delegation also met with Prime Minister Ambrose Dlamini, who commended the Bank’s commitment and dedication to Eswatini since it became a member of the Bank. Dlamini said that the Bank’s support was invaluable to the Kingdom’s economic growth and expansion.
Industry Administration & Marketing
Source https://www.journalducameroun.com/en/afreximbank-to-grant-140m-credit-facility-to-eswatini/
3.

DEWA issues tender for fifth 900 MW phase of 5 GW solar park

Overall, 64 companies have expressed interest in building the next 900 MW phase of the huge Mohammed bin Rashid Al Maktoum Solar Park. The first section of this part of the park is scheduled for compl ......

  • United Arab Emirates
  • Administration & Marketing
  • 27 Jun 2019
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Description Overall, 64 companies have expressed interest in building the next 900 MW phase of the huge Mohammed bin Rashid Al Maktoum Solar Park. The first section of this part of the park is scheduled for completion in the second quarter of 2021. The Dubai Water and Electricity Authority (DEWA) has launched a tender for the fifth phase of the huge Mohammed bin Rashid Al Maktoum Solar Park. The utility said it has already received letters of intent for the tender from 64 companies, which participated in a request for qualification process that started in late February, after the utility issued a specific tender for IPP advisory services in May of last year. DEWA has specified that the winning bidder will own 40% of the company operating the project, while it will hold the remaining 60%. The selected project, which will have a capacity of 900 MW, will be awarded a 25-year PPA. “The fifth phase of the solar park will be commissioned in stages starting from Q2 2021,” DEWA said in an online statement. Middle East’s largest PV project Only two sections of the 5 GW park are currently operational: the first phase, with just 13 MW, and the 200 MW second phase. An 800 MW PV array and a 200 MW concentrating solar power (CSP) plant are also under construction at the site. Phase I was developed by U.S. thin-film module maker First Solar in late 2013 and phase II was constructed by Saudi group ACWA Power and Spanish engineering services provider TSK. French energy gian EDF began work on the 800 MW PV section of Phase III in 2017, with a 200 MW section coming online in May 2018. This part of the project will sell power to DEWA at a rate of $0.029/kWh. Phase IV, which was originally meant to be a 700 MW of CSP plant, but was later expanded with 250 MW of PV capacity, is being developed by ACWA. The PV portion of that phase will sell power for $0.024/kWh. For the CSP section, ACWA and DEWA have agreed on a rate of $0.073/kWh. The Mohammed bin Rashid Al Maktoum Solar Park, which is also set to include large-scale storage and hydrogen facilities, is scheduled for final completion by 2030.
Industry Administration & Marketing
Source https://www.pv-magazine.com/2019/06/17/dewa-issues-tender-for-fifth-900-mw-phase-of-5-gw-solar-park/
4.

Saipem-led joint venture scores work on Anadarko’s Mozambique LNG project

CCS JV, a joint venture between McDermott, Saipem, and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for work on the Mozambique Area 1 LNG development. McDermott said on ......

  • Mozambique
  • Administration & Marketing
  • 22 Jun 2019
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Description CCS JV, a joint venture between McDermott, Saipem, and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for work on the Mozambique Area 1 LNG development. McDermott said on Wednesday that CCS’s project scope included onshore engineering, procurement, and construction (EPC) for all components of two onshore LNG trains with a total capacity of 12.88 million tonnes per annum (MTPA), plus the associated utilities and infrastructure. The joint venture previously provided front-end engineering design (FEED) services for this LNG development. According to the company, McDermott’s initial portion of the EPC contract award is approximately $2 billion. It is worth noting that McDermott and Saipem established a new office in Milan, Italy, where a team from both companies will lead the project management, engineering, and procurement in advance of sharing on-site construction management responsibilities. McDermott will perform engineering from both London and Gurgaon, India. Chiyoda will only provide advisory services for the joint venture. Work at the site is expected to begin when Anadarko issues a notice to proceed after it makes a final investment decision (FID). McDermott added that the contract award would be reflected in the company’s backlog once Anadarko approves FID, expected in June 2019. Saipem deal Saipem stated in a separate press release that its part of the contract equals around $6 billion. The company will be the leader of the CCS joint venture for the duration of the project. Work at the site under both contracts is expected to begin when Anadarko issues a notice to proceed after it makes a final investment decision (FID). Anadarko is the operator of Offshore Area 1, with ENH Rovuma Área Um, Mitsui E&P Mozambique, ONGC Videsh, Beas Rovuma Energy Mozambique, BPRL Ventures Mozambique, and PTTEP Mozambique Area 1 as its partners.
Industry Administration & Marketing
Source https://www.lngworldnews.com/saipem-led-joint-venture-scores-work-on-anadarkos-mozambique-lng-project/
5.

Wood awarded technical advisor role on Vineyard Wind offshore wind project

Wood has been awarded the role of technical advisor on Vineyard Wind offshore wind farm owned by Copenhagen Infrastructure Partners and Avangrid Renewables. As part of the scope of work on this four ......

  • United States
  • Administration & Marketing
  • 20 May 2019
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Description Wood has been awarded the role of technical advisor on Vineyard Wind offshore wind farm owned by Copenhagen Infrastructure Partners and Avangrid Renewables. As part of the scope of work on this four-year contract, the company will provide technical advisory services including an assessment of design, construction and operation strategies as well as commercial arrangements to support the debt financing and tax equity funding process for the project. The offshore wind farm is located off the coast of Martha’s Vineyard, an island in Massachusetts, USA. On completion, the 800MW offshore wind farm, which consists of 84 9.5 MW wind turbines.
Industry Administration & Marketing
Source https://www.windtech-international.com/company-news/wood-awarded-technical-advisor-role-on-vineyard-wind-offshore-wind-project
6.

Bank of America will invest 300,000 million dollars in sustainable business

Bank of America will invest 300,000 million through 2030 through its Environmental Business Initiative for activities that promote responsible and sustainable growth. The entity has deployed more than ......

  • Administration & Marketing
  • 23 Apr 2019
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Description Bank of America will invest 300,000 million through 2030 through its Environmental Business Initiative for activities that promote responsible and sustainable growth. The entity has deployed more than 126,000 million over the past 12 years to support environmental business efforts. APRIL 17, 2019 PILAR SÁNCHEZ MOLINA Bank of America has made public through a statement that will allocate 300,000 million dollars to "sustainable business." Through loans, investment, capital raising, advisory services and the development of financing solutions, this new commitment seeks to boost innovation and accelerate the transition towards a sustainable economy with low carbon emissions. Since 2007, Bank of America has led the subscription of green bonds on behalf of 100 clients, supporting more than 220 agreements and providing critical funds for environmental projects. The goal of investing 300,000 million makes the commitment of the financial institution to more than 445,000 million since 2007, when it issued its first Environmental Business Initiative. Bank of America has deployed more than $ 126 billion over the past 12 years to support environmental business efforts. Anne Finucane, the vice president of Bank of America, has pointed out that "the need to mobilize and deploy capital to address climate change has never been more urgent. As one of the largest financial institutions in the world, Bank of America has a responsibility and an important role to play in helping to mitigate and develop climate change resistance through the use of our expertise and resources, as well as our ability to gather partners. in all sectors to accelerate the transition from a high carbon to a low carbon society ". The Bank of America Environmental Business Initiative is part of the companys approach to facilitate the deployment of capital to promote sustainable development. This initiative has been designed to unlock the necessary financing and investment in order to address the general issues outlined in the United Nations Sustainable Development Goals (SDGs), which include affordable housing, safe water and sanitation, sustainable energy, education and medical attention.
Industry Administration & Marketing
Source https://www.pv-magazine-latam.com/2019/04/17/bank-of-america-invertira-300-000-millones-de-dolares-en-negocios-sostenibles/
7.

Procurement frameworks: The role of the public sector in energy demand

Adam Garbutt, CCS Category Lead for Utilities & Fuels (Strategic) at Crown Commercial Service – HELGA explains the role of the public sector when it comes to tackling the so-called ‘energy trilemma’ i ......

  • United Kingdom
  • Administration & Marketing
  • 22 Apr 2019
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Description Adam Garbutt, CCS Category Lead for Utilities & Fuels (Strategic) at Crown Commercial Service – HELGA explains the role of the public sector when it comes to tackling the so-called ‘energy trilemma’ in terms of procurement frameworks The UK is not alone among nations facing the so-called ‘energy trilemma’, a puzzle which requires the balancing of three challenges: affordability, sustainability and security. The public sector has a significant role to play in helping solve this problem and indeed has set a voluntary target to reduce its own carbon emissions to 30% of 2009/10 levels by 2020/21. Crown Commercial Service (CCS) has been tasked with supporting this aim through a number of energy agreements – sets of terms and conditions which suppliers agree to abide by when dealing with public bodies. One of our newest and most noteworthy agreements is the HELGA (Heat Networks and Electricity Generation Assets) Dynamic Purchasing System (CDPS), which will help public bodies and the wider public sector find the right suppliers for solar panels, wind turbines, heat networks, battery storage and more. By self-generating, the public sector will benefit from energy security, lower costs and demand reduction. All these measures will increase the uptake of renewable energy and reduce the environmental impact of the public sector. HELGA supports public sector customers and provides the specialist suppliers – whatever their size – access to those customers. For customers, HELGA is a flexible and compliant way to access a full range of market participants for any energy generation or efficiency projects they wish to run. The benefits include an OJEU-compliant competition process, and pre-existing terms and conditions to reduce paperwork. It will allow filtering by project size and location, assisting SMEs to participate in the call for competition and allow the public sector to fulfil its ambition to increase its spend through the SME market. For suppliers, once they are registered they will be included in any relevant call for competition run through the HELGA system, increasing their visibility of new projects and potentially opening up whole new markets. The market for energy demand reduction is growing all the time, and we see up to £800 million of public spend being delivered through this agreement over its four-year lifespan. CCS has engaged closely with the energy demand management market to better understand its fast-moving and evolving nature. We’ve looked over the horizon too, putting in place an agreement which fulfils the needs of the sector today while being flexible to ensure it captures future requirements. we see up to £800 million of public spend being delivered through this agreement It was, for this reason, CCS opted for a DPS, which allows both suppliers and services to evolve as requirements change. It puts HELGA and CCS at the forefront of energy demand management tools. It also allows suppliers to register at any time during the lifetime of the agreement. We have had over 70 suppliers register to be on the agreement since it launched in November 2018, with many of those now approved and ready to serve customers – this figure will grow over the next four years. CCS is uniquely positioned to offer services to both Central Government and the wider public sector, as well as offering solutions for the full range of technologies and services. Although innovative and digital HELGA retains the human element that CCS customers like. It allows for specialist design and advisory services to be bought if customers need help to create these specs, and the HELGA team is always on hand to help customers. But HELGA is just one of the ways we are looking to help our customers meet their energy needs as they try to address CO2 and energy security issues. We have a long-term strategy to help the public sector reduce the cost and impact of all aspects of its energy consumption, by providing a range of services to cover the whole end-to-end process of utility management. In addition to our frameworks for electricity, gas, water and fuels, which allow customers to buy utilities at a low cost, we have recently introduced frameworks to help manage and reduce their energy consumption. These include Utilities Management Software, Metering and Ancillary Services (RM3800) and Demand Side Response (RM3792) frameworks. We are currently developing a Smart Energy Cities o?ering to manage new ‘Smart’ technologies and their impact on the way our customers use energy. We believe this will provide our customers with the tools they need to help them manage the uncertainty of long-term energy prices and ever-changing technologies. The challenge facing CCS is that it needs to be influential – the place people turn to for public procurement excellence. That’s not just about developing innovative market-sensitive frameworks, but also about being in tune with policy initiatives that want to improve the lives of citizens throughout the country. HELGA is a great example of that kind of thinking, and this kind of leadership is how CCS can really make a difference.
Industry Administration & Marketing
Source https://www.openaccessgovernment.org/procurement-frameworks/60067/
8.

EBRD supports drive to combat gender inequality in Croatia

The EBRD has stepped up its efforts to combat gender inequality in Croatia with its support for a programme that rewards socially responsible companies breaking down barriers to female entrepreneurshi ......

  • Croatia (Hrvatska)
  • Administration & Marketing
  • 11 Apr 2019
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Description The EBRD has stepped up its efforts to combat gender inequality in Croatia with its support for a programme that rewards socially responsible companies breaking down barriers to female entrepreneurship. Up to five Croatian ventures stand to receive financial support and access to expertise and networking opportunities under the “Programme for the Economic Empowerment of Women”, known as DARING. DARING was set up by the SOLIDARNA Foundation for Human Rights and Solidarity together with IKEA and Mastercard and the Croatian Business Council for Sustainable Development to help women entrepreneurs with start-up ventures to successfully grow their businesses. The EBRD, which promotes gender equality throughout its regions, including via its successful Women in Business programmes, joined an event organised by SOLIDARNA today to pick the first participants in the programme. The winners can receive up to HRK 75,000 each in financing as well as practical support. The initial programme is worth a total of HRK 250,000 (€33,000) The programme seeks especially to reward projects that contribute to economic empowerment in underdeveloped environments and women in marginalised groups. The EBRD was invited to join in recognition of the Bank’s support for gender equality and women empowerment and will offer advisory services. The five candidates who reached the shortlist for the programme were: Aurora Colapis – several women in the rural area of Karlovac joined forces to build a traditional boat which was used to transport cereals in the past and now they offer tourist tours. Karlovac in central Croatia is located on four rivers and in recent years has attracted a growing number of visitors. K-Zona developed and produced the card-game “Fierce Women” and the initial successful placement on the market showed there is potential for further market development and increase of sales. Silvan Cosmetics produces natural, handcrafted soaps in special packaging inspired by the Croatian tradition, with seeds of wild flowers in it. The inspiration came from local tradition and natural resources. Zagrebacki plesni ansambl (Zagreb Dance Ensemble) has a theatre facility in the Istrian village of Svetivincenat that hosts a dance and non-verbal theatre festival in the summer. The ensemble plans to upgrade its facility for commercial activities and further develop the festival programme, strengthening its international character. Dandy is a social initiative born in Otocac in the Lika region, a rural and underdeveloped area with the smallest population and a largely untouched natural environment. The project is assembling the local population around a book club that invites interesting guests and motivate people to join forces to support and promote local tradition and products. Croatian women represent nearly half the country’s workforce, but only just over a fifth of companies are owned by women. The EBRD has responded to this challenge with its Women in Business programme in Croatia. Backed by the TaiwanBusiness-EBRD Technical Cooperation Fund, the Croatian initiative has provided 136 women-led companies with advisory services, facilitates participation of 270 female entrepreneurs in training programmes. It works with two partner banks who provide dedicated credit lines to women-led businesses. Outside Croatia, the EBRD’s overall Women in Business programme has provided close to €500 million in credit lines to more than 30 banks in 18 countries reaching over 35,000 women.
Industry Administration & Marketing
Source https://www.ebrd.com/news/2019/ebrd-supports-drive-to-combat-gender-inequality-in-croatia.html
9.

EBRD lends €5 million to Romania’s roof tile maker Depaco

A €5 million loan provided by the EBRD is set to improve the operations of Romania’s roof tile maker Depaco. The company manufactures metallic sheet tiles under the brand name Wetterbest and is part ......

  • Romania
  • Administration & Marketing
  • 11 Apr 2019
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Description A €5 million loan provided by the EBRD is set to improve the operations of Romania’s roof tile maker Depaco. The company manufactures metallic sheet tiles under the brand name Wetterbest and is part of TeraPlast Group, a leading Romanian construction materials manufacturer. The EBRD funds will be used to finance the development of a new production and storage facility with a capacity to produce 10 million square meters of roof tiles and profiles. The loan will also refinance existing loans. TeraPlast Group was founded in 1896 in Bistrita, a city in northern Transylvania, as a ceramic tiles manufacturing unit and has since grown to become one of the largest players in the Romanian building materials industry. The Group is comprised of the following companies: TeraPlast, TeraSteel, TeraGlass and Depaco (Wetterbest). Previously the EBRD has helped Depaco, through its advisory services, strengthen its Wetterbest brand, improve growth strategy and attract a strategic investor. The EBRD is a leading institutional investor in Romania and to date has invested over €8.3 billion in the country. In 2018 alone, it committed over €400 million across various sectors of the Romanian economy.
Industry Administration & Marketing
Source https://www.ebrd.com/news/2019/ebrd-lends-5-million-to-romanias-roof-tile-maker-depaco.html
10.

European Transport Safety Programme

A new programme of transport safety measures has been drawn up for Europe, with funding having been secured. Called the Safer Transport Platform, this programme is being managed jointly by the Europea ......

  • Luxembourg
  • Administration & Marketing
  • 10 Apr 2019
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Description A new programme of transport safety measures has been drawn up for Europe, with funding having been secured. Called the Safer Transport Platform, this programme is being managed jointly by the European Investment Bank and European Commission. The plans call for a series of investments in transport safety, with a special focus on roads New financing measures form part of the Safer Transport Platform, a joint EC and EIB initiative. This will address investment needs in transport safety in Europe. At the TEN-T and CEF Conference in Bucharest, the EU Commissioner for Transport Violeta Bulc together with Vice-President of the European Investment Bank (EIB) Vazil Hudák launched the “Safer Transport Platform”. The aim is to promote safety as a key element for transport investment and to provide easy access to technical and financial advice, in particular for road safety. In order to strengthen and focus existing investment activities in road safety, the EIB and EC have established the "Safer Transport Platform - Road Safety Advisory” - available through a dedicated website. Safety considerations are paramount for all modes of transport, but particularly urgent in road transport. Even though the EU has made great progress in reducing the number of road fatalities over the last decades, more than 25,000 people are killed and 135,000 seriously injured on European roads every year. Well targeted investment is a key factor in addressing this unacceptable situation, and relatively small amounts can make a big difference. This is why the EIB and the European Commission are joining forces to further support and focus their efforts for safer roads. Vazil Hudák, EIB Vice-President, added: “The EIB is increasing its attention to safety in all transport modes. However, given the scale of fatalities in the road sector, our efforts are concentrating on road safety. Substantial work is required to meet the EU target of zero fatalities in 2050. We stand ready to assist promotors in developing and implementing safer transport infrastructure.” Violeta Bulc, EU Commissioner for Transport said: “To save lives on European roads, we need targeted investment in the right measures. The ´Safer Transport Platform` will help ensure that projects receive the necessary technical and financial advice. I encourage interested parties from the public and private sector organisations to make use of the platform as of today! I am very pleased that our good cooperation with the EIB has had another concrete result to the benefit of European citizens.” The “Safer Transport Platform – Road Safety Advisory” provides a single access point to the full range of existing EIB and EC advisory services and financial products. It guides potential applicants to the appropriate funding and financing instruments. The service is supported by the European Investment Advisory Hub (EIAH) and includes a web site with a contact form, a needs assessment exercise and awareness raising activities. The advisory support addresses the public and the private sector. Examples of eligible projects include road rehabilitation programmes, traffic calming measures, facilities for cyclists and pedestrians, IT solutions for safer traffic management and – on an exploratory basis – measures to improve the safety of vehicle fleets and other road safety related projects.
Industry Administration & Marketing
Source http://www.worldhighways.com/categories/auctions-equipment-supply-servicing-finance/news/european-transport-safety-programme/

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