To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
A recent Panorama programme described the failings of care homes under private equity (PE) ownership. BBC Social Affairs Editor Alison Holt BBC suggested to veteran PE investor Jon Moulton that this was a sector PE should not be involved in.
He didn’t agree. His reasons? He had nothing particularly positive to say about PE ownership of care homes; he simply said that public sector ownership hadn’t been very good either!
Arguments – and experiences – about different forms of ownership have been part of my life. I have worked in listed and private companies as well as charities and the public sector. I have been through mergers and PE-backed management buyouts.
Read the rest here.
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
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