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Prompt Payment Bill 2016
Rank: New-farer Joined: 3/12/2014 Posts: 96
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If it sails through corruption will significantly reduce and banks income squeezed more
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Rank: New-farer Joined: 10/14/2016 Posts: 25 Location: Nairobi
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penkon wrote:If it sails through corruption will significantly reduce and banks income squeezed more And how shall prompt payment of suppliers by the govt reduce corruption? Am lost on this one
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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Yowel wrote:penkon wrote:If it sails through corruption will significantly reduce and banks income squeezed more And how shall prompt payment of suppliers by the govt reduce corruption? Am lost on this one 10% payment bado ijatoka
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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You don't need a Bill for this. Your systems and processes should help you achieve this. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Yowel wrote:penkon wrote:If it sails through corruption will significantly reduce and banks income squeezed more And how shall prompt payment of suppliers by the govt reduce corruption? Am lost on this one Who or what are you to question a bill proposed by baba? If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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@baba iko juu sana. Hataki ofisadi. Thanks @baba for this progressive bill. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:You don't need a Bill for this. Your systems and processes should help you achieve this. The people eating would never want a proper/an efficiently working system to be in place....they want something they can circumvent easily... possunt quia posse videntur
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Rank: Member Joined: 1/21/2013 Posts: 427
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Yowel wrote:penkon wrote:If it sails through corruption will significantly reduce and banks income squeezed more And how shall prompt payment of suppliers by the govt reduce corruption? Am lost on this one One of the main reasons why government payments are delayed is for/failure to pay kick-backs. At every stage of the process the payments are withheld until you pay a kick back. This will go along way in eliminating the back end process kick backs (payments) but still not enough to curb front end kick backs (procurement)
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Angelica _ann wrote:You don't need a Bill for this. Your systems and processes should help you achieve this. Exactly. These conditions are already in place in contract agreements
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Rank: Member Joined: 9/9/2015 Posts: 233
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Shak wrote:Angelica _ann wrote:You don't need a Bill for this. Your systems and processes should help you achieve this. Exactly. These conditions are already in place in contract agreements Main problem is issuing tenders based on future expected income rather than cash at hand. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi
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I also don't understand this phenomenon of pending bills going into years. In Kenya it is illegal for an accounting officer of government to enter into a contract before funds become available.Probably the best medicine is to introduce 'escrow' where a third party holds on to the funds and pays out when certain preagreed conditions are fulfilled. At present doing any business with government whether National or County without 'tall' relatives or friends to push for your payment is a recipe for a heart attack at worst or bankruptcy at best.
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Prompt Payment Bill 2016
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