But following the UK Governments introduction of Financial Viability Risk Assessments (FVRA) into UK public procurement processes, would Amazon's approach result in disqualification from a public procurement process? A Guardian article claimed that Amazon had received £425 million in UK Government contracts in the past 2 years. Companies such as Amazon who fund a business expansion with reinvested profits, avoid taking on excess debt and the corresponding interest payments that can threaten the future of the company. By using reinvested profits rather than external equity, business owners can avoid diluting their ownership and control rights. When a small business considers external investors, if they can demonstrate that they have reinvested their profits back into the company, this provides strong confidence in the ongoing success of the company. But how is this approach viewed by public procurement. Would Amazon's approach see you disqualified. Read on to find out. |
Naomi Clews, management consultant and owner of boutique procurement advisory firm Naomi Clews Consultancy Limited has 18 years public procurement process knowledge, experience and skills. Find out more here. |
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