Government procurement

Another brilliant article from Burning Our Money about the flaws in the government's procurement process - "Time and time again, the Public Accounts Committee probes into shopping fiascos and comes back to this woeful lack of commercial skill- paying too much, half-baked specs, agreeing contracts that are not fully bolted down, selecting suppliers who aren't up to the job, etc, etc."

The section on the 2012 Olympic budgetary woes is especially illuminating.

Take a read and don't forget it's our money that they are spending/wasting.