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Blood in your veins
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“When you understand that every opinion is a vision loaded with personal history, you will begin to understand that all judgment is a confession.” – Nikola Tesla Note that sentence. Do it by hand. Yes, in a piece of paper. Have it next to your screen, desk, or whatever. Read it every day. and every time a stupid shows you his stupidity through his month. If that sentence does not make you jump out of your chair to do something productive... you simply have no blood in your veins. That's all for today.
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Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Ah… Time flies and PPPs finally arrive to the end… like a terrible elected leader term… Getting your infrastructure back at the end of a concession sounds lovely. Like removing Pedro Sanchez from office. The debt is paid. The concessionaire leaves. You get the asset. Like collecting your car after lending it to a friend. Except your friend has had it for 25 years. And “the tyres are fine” means they are still technically round. Oups… Do you remember the terms of the return? 2018 Severn...
You know the IBM ad: “Nobody has been fired for choosing IBM”. Well… in procurement there are ads like that. “We didn’t just go for the cheapest.” Lovely. Everyone nods. Someone writes “quality” in the minutes. Your career feels protected. Unfortunately, the project hasn’t read the minutes. Take Scotland’s Parliament building at Holyrood. In January 1999, three final candidates were competing to become construction manager. Bovis came out comfortably ahead at interview. 82 points out of 100....
A few days ago, I talked about the smallest PPP in the world. It’s in Poland. 12.000€. Probably quite unknown. There are another one… this time famous. Small building. Small investment. Small transaction costs. Sorry. That last one was a joke. Scotland. 2002 Audit Scotland reviewed six school PFI projects. For Glasgow, it reported around £12 million in combined public and private sector set-up and advisory costs. Against £212 million in construction. For West Lothian? Around £2 million....