In other words, they made payments to the contractor without knowing what these payments were for.
Separately, these stories are examples of the ways construction firms can go bad, collectively these show patterns we need to recognize .
In a March 7, 2017 article Spend Matters published 3 Ways for Procurement to Prove it's Value (Other than Cost Savings). The article addresses Revenue generation, operational efficiency, and retaining top talent as it's three observations. These three business goals are seldom associated with procurement, but when deployed strategically, I have no doubt that procurement … Continue reading The Value of Procurement.