Latest update November 18th, 2024 1:00 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Questions for the President

Sep 27, 2013 Letters

 

Dear Editor
Mr. President, when starting a new business (which is what the Berbice River Bridge, the Marriott Hotel Project, Amaila Falls Hydroelectric Project, etc. are) that offers a product or service, you start with whatever price someone else is charging for that product or service. If it is a completely new product you make an assumption of what you can charge. This is your feasibility study.
Then, Mr. President, you look at your expenses (wages, buildings, maintenance, utility bills, insurance, etc). You factor this into your feasibility study which then changes the price for your goods or service.
Next, you look at your financing (not just loans, but your own equity). This again changes your price that you can charge. This is as far as I believe we have done the feasibility studies in Guyana.
What needs to happen is that an account needs to be made for the change in ownership and control of the projects. This has not happened.
Mr. Winston Brassington repackaged the deals, thus changing the original feasibility study; therefore, they are all flawed. Then, he actually used the Privatization Act to bypass the Procurement Act. This is not acting in good faith. The Procurement Act is there for a reason.
Sean McLean

 

 

Similar Articles

The Glenn Lall Show | November, 15th, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Brewley’s ‘glut’ inspires Hard Knocks to ExxonMobil Futsal Championship Finals 

Brewley’s ‘glut’ inspires Hard Knocks to ExxonMobil Futsal...

Nov 18, 2024

-YMCA awaits in $1M Showdown on November 23  Kaieteur Sports –Futsal fans were treated to a thrilling spectacle at the Retrieve Hard Court in Linden on Saturday evening as Hard Knocks and YMCA...
Read More
Final T20 between England and West Indies washed out

Final T20 between England and West Indies washed...

Nov 18, 2024

Zion Gray propels Eagles to GBF Elite 16 Semi-Finals 

Zion Gray propels Eagles to GBF Elite 16...

Nov 18, 2024

Looknauth stars as Anacondas lift inaugural GCB betCageSports National T20 Title

Looknauth stars as Anacondas lift inaugural GCB...

Nov 18, 2024

Gold is Money wins inaugural Chung Global ‘Champion of Champions’ Tournament

Gold is Money wins inaugural Chung Global...

Nov 18, 2024

Afraz Budhoo – A promising cricketing star on the horizon 

Afraz Budhoo – A promising cricketing star...

Nov 18, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]