About this video
A landlord is about to award a maintenance contract to the cheapest bidder, and the paid screening report says all three are clear.
Full description
A Singapore landlord is about to award a mechanical and electrical term contract to the cheapest bidder, and the paid screening report says all three bidders are clear. Ellie reads the tender file, the ACRA extracts, the audited accounts and the screening report, traces every shareholder to the top, finds the sanctioned ultimate owner two layers up that the first-tier screening missed, flags the reserve bidder's court claim and thin balance sheet, and writes the cited tender-award memo on the landlord's own template.
Key points
- Every shareholder traced to the ultimate owner from the tender file and registry extracts
- The paid first-tier screening report explained: clean, but out of scope and out of date
- A cited award memo and ownership-chain Brief for the committee
Video details
- Roles
- Compliance / Risk
- Processes
- Risk & Compliance
- Geographies
- APAC
- Tags
- vendor-precheck, vendor management, Singapore