Sunday, 25 September 2011

The One Barnet pledge

As you know, Barnet Council is planning to outsource huge swathes of Council functions. There are two massive contracts. One is worth £750 Million and the other is worth £250 Million. These contracts are likely to be copper bottomed, guaranteed profits +. Anyone familiar with the situation in previous Barnet Council contracts - Catalyst got another £9 Million because they weren't making enough money. Aerodrome Road Bridge contractors got another £11 million, will know how this will go. When I back a horse, I check it's form. Barnet has form with contracts and contractors.

Now this blog most certainly doesn't give financial advice. It does however occur to us that in the event these contracts are placed, it would be a rather good thing to have as many shareholders in Barnet as possible, who could attend. Maybe we should set up a pledge on pledgebank to get 500 small investers from Barnet, who are prepared to attend the shareholders AGM and hold the companys to account.

I believe that in a capitalist democracy, small shareholders should get organised and make sure companies behave honestly and responsibly. I think it would be a great thing if the companies bidding knew we'd be joining them at their next AGM, should they win.

This blog has referrred to the OneBarnet project as the "Toxic One Barnet project". I suspect that the private companies bidding may find that they too may suffer from the Toxic Shock Syndrome associated with it.


Mr Mustard said...

The pricing will almost certainly be on the cost+ basis and so the supplier simply cannot lose. Plus they get a share of any savings amde - May Gurney for instance get 50% of the value of recycled materials that they sell - why - to incentivise them to get the best prices ! what utter stupidit. That's One Barnet

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