Government
OVERVIEW
Governments, State Enterprises and Companies doing business find themselves at a cross roads. Sharply reduced national revenue, tightening fiscal space, growing public expectations and resource hungry state enterprises have created an imperative for change. Persistent allegations of corrupt practices, weak controls and growing demands for accountability, governance and performance mandate a change in architecture and business models.
Against a backdrop of political, economic and regulatory changes, business and organizational re-engineering is not a luxury but a necessity for survival. B&B through its team members, have distinguished themselves over three decades as daring change agents in the public and private sector. Working closely with key stakeholders, thoughtful strategies, product lines and business models have been reinvented or replaced to ensure relevance in a fast-changing environment. State enterprises and government must be courageous, visionary and transformative to excel in the ‘new normal’.
Compounding these pressures are the need to engage in an increasingly robust unionized setting, and the need to leverage technology in a digitized environment. B&B will provide a unique 360 degree perspective having operated within the State Sector and having provided services to the State from the private sector.
We are a team of dedicated specialist practitioners, whose involvement and experience ensures our advice is practical, innovative and strategic. We welcome the opportunity to partner with you to embark upon or to further this exciting journey of ‘infrastructural and architectural change’ to create best of breed institutions that will redound to the national benefit.
Transitioning from a state entity to trusted public company must bring value for shareholders. It can also create challenges and rewards for stakeholders. Some companies have transitioned successfully; others have left considerable value on the table or failed.
B&B Consultants has successfully led and effected this transition in both the public and private sector. Our team has over 35 years of experience in helping innovative companies across all sectors successfully transition to a public company in a variety of market conditions. If you’re thinking of going public, B&B will work with you to determine the right time to ensure your transition is smooth and successful.
In an increasingly hostile environment, with stakeholders more inclined to litigation, the opportunity to engage in mediation and where appropriate, arbitration can save time and money.
The Principal, Gerry Brooks, is a Certified Mediator and Chartered Arbitrator. He brings a wealth of knowledge and experience across many industries having led a major conglomerate and major state sector institutions. Through the team at ADR Services Ltd and the Dispute Resolution Foundation clients have access to cutting edge Alternative Dispute Resolution services.
Professor Brooks has been involved in the resolution of numerous construction, maritime, energy, manufacturing and other contractual disputes. This ADR experience, coupled with proven industry experience makes him the ideal candidate for consideration in sensitive and challenging Mediation and Arbitration matters.
Contract negotiation can be both contentious and business defining, particularly when critical business issues are at stake. Success requires a profound understanding of the issues, the business model, the deliverables, advocacy and thoughtful compromise.
B&B offers assistance across a multitude of sectors and national, regional and hemispherical jurisdictions. As your advisors, we will probe, interrogate, validate and work cooperatively with you to secure your desired outcomes.
The recently proclaimed Public Procurement and Property Disposal Act (“the PPDPA”) has dramatically altered the procurement landscape in Trinidad and Tobago. Locally, State Companies, Regional Health Authorities, Public Private Partnerships must comply with the new legislation. They must ensure that their organizations as “public bodies” “execute procurement in a manner that is consistent with the objects of the PPDPA”. The obligation to comply statutorily also provides unique commercial procurement supply chain opportunities.
B&B can help companies leverage these opportunities and use logistics and supply chain savings to conservatively add fifteen per cent (15%) to your company’s bottom line. It can be the difference between competitive advantage, continued challenging gross profit margins and securing new clients. Starting with customized and specific audits, B&B’s diagnostic tools can identify opportunities for growth, improved efficiency, improved profitability and competitive advantage.
Connect with B&B and let’s work together to grow your business and accelerate your pathway to statutory (Procurement Act) compliance.