Opinion Column: Need For New Economic Plan

December 27, 2014

[Opinion column written by David Tavares and Erwin P. Adderley]

We fully support any government of Bermuda that will create investment opportunities leading to lasting jobs that encourage lasting career opportunities for Bermudians.

Re-engaging with renewed emphasis on hospitality is a step in the right direction. After all, it was our hospitality that put us on the world map! Even though no one could see us, they certainly heard and still do hear about us, but for other reasons that make good business sense!!

There is no doubt in our mind as to the need for a new economic plan. One that will strengthen both pillars of our economy with emphasis placed on a meaningful balance. Proposed new projects for improved economic activity, [incorporations, hotels, new airport and now America’s Cup event], with a positive renewed vision on the hospitality industry is a welcomed approach in our opinion.

To date we have heard from the OBA Government, Opposition, political pundits and both sides of the partisan political landscape on their respective positions on Government’s renewed economic plan. On review, their compelling arguments still leave the Bermudian people with yet still unanswered questions. While much is being done behind closed-doors, public opinion, at this point, is still waiting for real transparency and therefore still undecided.

While we believe that a new airport facility will set the stage to support statements that “Bermuda is open for business” and “First Tier, First Class and First World”, we await Government’s statement on how the people of Bermuda will get “Value for Money”. Too often a statement like this is self serving and a narrow-minded approach.

When determining “Good Value” it should also focus, not only on money, but costs/resources and benefits/outcomes. Will we get to see if the analysis, in the end, supports the final decision? Or, will the Government continue full-steam ahead, maybe not?

They said they will get back to the people of Bermuda if it is a “go, or no go”. If so, this is a positive sign and a complete departure from its conventional and historic way of doing things.let’s get it done and then worry about the unintended consequences later. Let’s wait and see!

In the meantime, we wish you, your staff and the people of Bermuda a very safe and enjoyable holiday season!!

- David Tavares and Erwin P. Adderley

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Comments (5)

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  1. Black Soil says:

    Dear David & Erwin:

    You ask about “value for money”: The govt has already spoken repeatedly WHY they hired the Canadian Commercial Corporation – one main reason was to get VALUE FOR MONEY. Also, by financing the project in the way Bob is doing, it ensures Bermuda gets a new airport which it can afford WITHOUT placing any debt on the shoulders of the taxpayers while at the same time he has shifted the toxic risks of cost overruns OFF OF the taxpayers. Indeed, this is a critical difference in the approach between the OBA and the PLP who do not understand how to manage a fragile island economy.

    Understanding CCC:
    CCC provides governments with the benefits of government-to-government contracting, including the time and cost savings of a simplified procurement. Working as Prime Contractor, the CCC guarantees every sub contract with the full assurance of the Government of Canada. This robust risk-mitigation process means that CCC supports only those suppliers that it considers are financially and technically capable and are committed to ethical business practices and corporate social responsibility, thus ensuring a high SUCCESS rate for projects.
    The CCC oversees all contracts from start to finish. CCC also provides Procurement Agent services, sourcing and delivering goods and services from trusted companies. It is an agency that can be depended upon to remove all the disadvantages of competitive tendering, and is capable of saving the Bermuda Government millions of dollars in the cost overruns which have come to be expected on this kind of project.

    I GOT ALL OF THIS INFO BY HARVESTING PUBLIC DATA. I SUGGEST YOU DO THE SAME DAVID & ERWIN.

  2. Black Soil says:

    Dear David & Erwin:

    It is because the govt believes in VALUE FOR MONEY that it has turned to the Canadian Commercial Corporation (CCC). Bob has also ensured that the financing of the new airport will ensure that (a) Bermuda gets a new airport that it can AFFORD and (b) the cost will NOT place additional debt on the Bermuda taxpayer who is feeling the continued toxic effects of PLP mismanagement.

    The CCC has a PROVEN track record of providing governments with the benefits of government-to-government contracting, including the time and COST SAVINGS of a simplified procurement. The CCC with GURANTEE every sub contract with the FULL ASSURANCE of the Government of Canada. A robust risk-mitigation process means that CCC supports only those suppliers that it considers are financially and technically CAPABLE and are committed to ethical business practices and corporate social responsibility, thus ensuring a high SUCCESS rate for project. The CCC oversees all contracts from start to finish. It also provides Procurement Agent services, sourcing and delivering goods and services from trusted companies. It is an agency that can be depended upon to remove all the disadvantages of competitive tendering, and is capable of SAVING the Bermuda taxpayer millions of dollars in the cost overruns which we have come to be expected on this kind of project. Bob has adopted a creative method of making sure Bermuda gets the best VALUE FOR MONEY.

    David & Erwin: I got this information from publically released information.

  3. San George says:

    Quo Fata Ferunt – Like never before under this administration.

    Repeal of Section 57 of the Insurance Act 1978 is repressive economic legislation.

    Signed – Shysters

  4. JUNK YARD DOG says:

    We need smiling faces which always maintains a lasting impression as they get off the plane not a building like they came from like all the others.

  5. San George says:

    Poor Bob does not think Bermudians are capable of doing anything – just listen to the man. With the exception of him of course.

    Man up – we take credit for the winners; we take credit for losers.