If you are applying deductions to a contractor in your project, you’re doing it wrong. ​ Ok. ​ Probably wrong. ​ I’ve seen many contracts where the agency / client comes happily with the hammer of deductions. ​ You didn’t comply, here you are the ticket. They give you 15 min to attend a user in your road in distress because a breakdown. You arrived in 16 min. Ticket. They are happy. Job done. I’m protecting the taxpayer. ​ Well… you’re not. ​ If, in the rest of the network, you give yourself 30 min to arrive during the day and 1 hour at night, and you ask me 15 min 24/7… you, taxpayer, you’ll be paying for something unique in my piece of network, with very little value plus interest, margin and risk on top of the cost of having this unique service. ​ Not homogeneous service in your network, paid at a very high cost. ​ Lovely. ​ Keeping all parties incentivised in a complex contract is an art. As my grandma is not in the newsletter… let me say that I’m an artist… Although just an artist of the common sense. ​ Once I had a KPI. “You have to keep the grass below 40 cm height”… or deductions. The hammer. ​ In many occasions, we detected the supervisors from the transport agency, leaving the car dangerously on the shoulder, risking their lives, jumping like rabbits the ditch of the highway, crawling the slope, grabbing a rule like the ones used by children, putting it on the ground, measuring the heigh of the grass… and photo. ​ Good for them. Looking for your fault, as motivated, as tax inspectors. ​ One day, they stayed for so long trying to find the flower that would get over the 40cm line that a towing company tried to pull their car away. Jumping like rabbits, waving their arms, they arrived on time… ​ You, taxpayer, also pay for that stupidity. The management of KPIs is not free. ​ We proposed to cut the grass 3 times / year. KPI supervision was: done vs not done. Easier. Faster. Safer. Cheaper (for you, tax payer). Just common sense. ​ If you need a session of common sense, click below. ​Introductory Call ​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
The "PPP Guy" | Helping to deliver infrastructure through PPP faster, cheaper and easier | C-Suite Executive | Real Estate passionate and investor | Mentor, Coach, Consultant | 👇JOIN +3k for daily tips and insights 👇
They are people and contractors alike. I have one I love. It’s the company that is building one of my projects in Spain. You choose the best in experience. Even you pay a premium to hire the guys. Then, work start. Progress slow. Extras coming in… and in… and in… Questions. More questions. More obvious questions. No progress. And your experience? Your references? “I do what you tell me to do. Nothing else. Nothing more”. These are the maliciously obedient. They do exactly and only what you...
In life there are two kinds of people. Those that fears AI or artificial intelligence (in case you forgot what AI means), and those that only think about how to apply it to “their case” and produce more doing less. Those that see PPPs or Public Private Partnerships (in case you forgot what PPP means) as an existential threat, and those that only think about how to use the opportunity to make more money for them and their companies. I could continue with bitcoin, China, the next pandemic,...
A few of you have asked me whether my course about investment is a “stock market” or “trading” course. The answer is simple. No. I have no f**** idea about trading or the “stock market”, so the only thing available to me would be to put free stuff in social media. But, I have a few other things in my plate, and I’m lazy, so I’ve not started those free videos yet. The course is about common sense investing. The common sense that 99% of people forget… or simply don’t apply. It tells you the...