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The Ministry of Defence has rejected short-range air-to-air missiles supplied by Matra BAe Dynamics (MBD) and demanded design changes to improve performance levels. Although MBD will face no penalties, the MoD says the proposed redesigns could take several years.
The Federal Trade Commission in the US has given the green light to Covisint, the online trading exchange set up by Ford, General Motors and DaimlerChrysler.
Construction firm Costain will cut its supplier base, including subcontractors and material companies, from 8,000 to around 800 in an effort to improve margins. Chief executive John Armitt said contracts of £2 million or more were considered best for returns.
Congratulations to Simon Bond, senior procurement specialist at British Energy, who has won the SM Christmas quiz. He wins £250 in vouchers to spend on adventure or other activities organised by Red Letter Days, courtesy of BT Ignite.
Asset lifecycle management solutions provider Datastream Systems has rejected a takeover bid from MRO Software. Datastream said the $6 per share offer was too low and that MRO’s common stock was too volatile for its shareholders. www.datastream.net
The Treasury has issued a statement of best practice, in an effort to improve relations with management consultancies during procurement processes.
The 10-page booklet, produced in association with the Management Consultancies Association and the Institute of Management Consultancy, offers guidelines on pre-qualification, tendering, contract awarding and post-project reviews.
The 10-page booklet, produced in association with the Management Consultancies Association and the Institute of Management Consultancy, offers guidelines on pre-qualification, tendering, contract awarding and post-project reviews.
Purchasing, finance and logistics at Jaguar, Land Rover and Aston Martin are to be overseen by a joint strategy board led by Bob Dover, chief executive of Land Rover. Land Rover is also to invest £2.5 billion over five years in development and manufacture, including a new Land Rover Discovery to be launched in 2004.