|
|
19 Dec 2008
Hundreds of millions of taxpayers' money is being wasted on poorly managed government contracts, said the National Audit Office.
Civil servants are failing to make sure outsourced service providers were meeting terms of their deals, and the government could save £290m from its £12bn contracts bill if they were better maintained, reported the Telegraph.
Despite the huge amount of cash lavished on these services, government departments do not take the process anywhere near as seriously as they should,' said Public Accounts Committee chairman Edward Leigh.
Contracts organiser the Office of Government Commerce said new guidelines would be implemented to make sure contract terms were met.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment