Category: ezlfiymy

CBRE to scrap final salary pension scheme

first_imgAround 150 employees, mostly former partners of St Quintin and CB Hillier Parker which were bought out by CBRE, have been informed that their final salary pension scheme is to be closed subject to a period of consultation. The scheme was closed to new members several years ago, and CBRE is proposing to bring the affected members into its general pension scheme. What has particularly upset the employees affected, it is understood, is that no compensation package is being offered. CBRE is following many other companies that have scrapped their final salary pension schemes because they are too expensive. A final salary pension guarantees a percentage of earnings on retirement, while the increasingly common defined contribution scheme makes no promises.During the financial boom of the 1980s and 1990s, company pensions were prosperous and those who retired could enjoy a wealthy pension. But poor stockmarket returns, longer life expectancy and poor tax incentives mean that now just one in five companies offers a final salary scheme.last_img read more

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Tishman alights as Related boards Manhattan’s ‘last big development site’

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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Tender processes: Fair game

first_imgThe cry of a frustrated child when they do not get their way is “it’s not fair!” As we get older we learn that life often isn’t, but there are areas where society tries its best to level the playing field. Such levelling features strongly in the world of public procurement.The nature of any tender process is that there must be a winner and a loser. But there will be more losers. This creates potential challenges. If a challenge is to be made it must be made expeditiously and, while it is not the purpose of this article to set out the rules of such a challenge, it should be done immediately, as delay can be fatal.There are both legal and commercial considerations as to whether a challenge will be worthwhile but there are occasions when a party feels that it has no choice but to seek redress.One recent example is the case of Woods Building Services vs Milton Keynes Council ([2015] EWHC 2011 and [2015] EWHC 2072 in the Technology and Construction Court (TCC)).The nature of any tender process is that there must be a winner and a loser. But there will be more losers. This creates potential challenges. If a challenge is to be made it must be made expeditiously and immediatelyThe first report addressed the merits of the case and the substantive issues and the second report addressed the appropriate remedy. The tender process undertaken by Milton Keynes council was the award of a framework agreement for asbestos removal and reinstatement services. There were five tenders submitted, and Woods was the cheapest.However, it was not successful due to the council’s evaluation of the quality criteria in the tenders. The scoring had been weighted 60-40 in favour of price over quality and therefore Woods had scored comparatively poorly on the quality aspects of the tender. Woods’ complaint was essentially that the tender evaluation process was flawed as the council was in breach of its duties of transparency and equality of treatment of tenderers, and had made a number of manifest errors in its evaluation.Mr Justice Coulson first summarised the legal principles applicable. Evaluation criteria must be drawn up in a clear, precise and unequivocal manner to enable a reasonably well informed and diligent tenderer to interpret them in the same way. Failure to comply with those criteria will be a breach of duty of transparency without any margin of appreciation. No margin of appreciation is equally applicable to the contracting authority treating all parties in the same way in evaluating the tender unless there is objective justification for a difference in approach. There is a little bit more flexibility in evaluation of tenders where a subjective element of judgment is involved. In those circumstances there is a margin of appreciation and the court will need to see a manifest error (for instance, that an error has been made).To summarise Mr Justice Coulson’s judgment, there were a number of concerns regarding tender evaluation process. One of the council participants in the process was a former employee of Woods, it appeared that the council started assuming that one tender was worse or better than the other before carrying out the detailed evaluation, and also the evidence of the evaluation detail kept of the process was unsatisfactory. These matters did not provide “free-standing” grounds for judgment against the council. They did, however, form the background to the judge’s analysis of the tender exercise. In that context the courts went on to review the scores and found that there were a number of manifest errors in the tender evaluation process and instances where the council was in breach of its duties of equality and transparency. Those conclusions led the judge to say: “I am confident this will mean that Woods outscored […] so that there should have been a different result.”It is highly unlikely that the outcome will be the appointment of the wronged contractor into the role initially advertisedIt was then left to the parties to go away and analyse the effect of the court’s decision on what should have happened in the evaluation process and then decide on appropriate relief for Woods.Woods argued against the council that it should be awarded the contract although seeking damages in the alternative. Various reasons including damages being an adequate remedy meant the court would not award Woods the contract.This case shows that there are circumstances where the tender process can be successfully challenged but it is highly unlikely that the outcome will be the appointment of the wronged contractor into the role initially advertised.Most of us still have an element of small child syndrome when it comes to fairness. But a temper tantrum followed by you or your adversary having a spell on the naughty step does not work in the law of procurement. You need to act quickly with good reason, or simply live to tender another day.Laurence Cobb is a partner in the construction and engineering team at Taylor Wessinglast_img read more

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Barnhart and Goldhofer debut WesTrac system

first_img“Extremely heavy loads on public roads and across bridges pose challenges to meet Department of Transportation (DOT) requirements,” said Jeff Latture, senior vice president of sales and marketing for Barnhart. “Traditionally, transportation systems relied on two-axle dollies. Those have allowed Barnhart to complete some of the heaviest long hauls in the U.S.”WesTrac incorporates the features of a modular platform trailer. However, the axle spacing and footprint are designed specifically to meet DOT requirements for roads and highways on the West Coast. The system is designed for efficient mobilisation, higher road speeds and variable widths to achieve dual-lane loading. In some configurations,WesTrac can handle payloads over 600,000 pounds.”The addition of our Goldhofer WesTrac dual-lane transport system type THP/CA to Barnhart’s cool tools inventory gives us the ability to transport over-dimensional and super heavy hauls,” said Latture.Barnhart says it also plans to introduce a new EasTrac System designed specifically to meet DOT requirements on the East Coast.www.barnhartcrane.comlast_img read more

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Koleje Mazowieckie orders Pesa locos and double-deck coaches

first_imgPOLAND: Mazowieckie voivodship regional passenger operator Koleje Mazowieckie has selected Pesa to supply two 3 kV DC electric locomotives, 20 double-deck intermediate coaches and two double-deck driving cars. These are said to be the first double-deck cars to be produced in Poland, and will supplement the fleet of 11 locomotives, 26 double-deck intermediate coaches and 11 double-deck driving cars supplied to KM by Bombardier. Pesa’s bid of €61·7m beat Newag’s bid which was €24·3m higher. The difference is accounted for by Newag offering Bombardier Traxx locomotives with a coach based on Bombardier double-deck design.last_img read more

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Marriott hotel development in Dominica signs exclusive sales agreement

first_img Tweet Share Anichi Resort Autograph Collection by Marriot(Caribbean News Now) DUBAI, UAE — The number of people seeking Dominican citizenship that allows visa-free travel to more than 130 countries through citizenship by investment (CBI) programme has increased significantly. In UAE alone, Caribbean citizenship demand by affluent residents has increased 51 percent. The investment in the Marriott Autograph Collection Hotel development directly qualifies the buyer for Dominican citizenship.UAE, with over 5,000 high-net-worth individuals holding $925 billion, eight million expatriates with Dh121 billion remittance flows, is an ideal hub for emigrants and for countries in Europe, America, the Caribbean, Australia and New Zealand – who attract wealthy investors and skilled immigrants through business and investment immigration programmes offered to boost their economic growth.This was highlighted at a seminar about Dominica’s citizenship by investment. The event, held in Dubai on Wednesday night, was attended by the prime minister of Dominica, Roosevelt Skerrit; Emmanuel Nanthan, head of the Citizenship by Investment Unit in Dominica; Alick Lawrance, deputy CEO of the Marriot Autograph Collection development, a member of Marriott International’s industry-leading portfolio and a Dominican government approved project for citizenship by investment programme, along with Imran Farooq, chief executive officer of AAA Associates, a citizenship by investment immigration advisory firm, which is part of Dubai-based Samana Group of Companies, high officials and over 500 ultra-high-net-worth individuals.“AAA Associates in Dubai under the leadership of its chief executive Mr Imran Farooq is doing a commendable job for Dominica. We greatly thank them for the wonderful job. Through AAA Associates, we receive a large number of applications every year,” Skerrit said.“Our government has a strong mechanism to protect the investment of people who put money into Dominica’s citizenship by investment programme. Therefore all investment is processed through state-run escrow account and funding is released as and when required on phase by phase on construction activity of the property. That is the reason, Marriott International, which is the world’s largest American multinational diversified hospitality company that manages and franchises a broad portfolio of hotels – such as Anichi Resort & Spa, an Autograph Collection by Marriott – decided to set up this hotel after a careful due diligence process,” he said.“Dominica has very favourable tax regime, imposes no capital gains and property or inheritance taxes. Personal income tax is not charged if the income is not earned in Commonwealth of Dominica. The Dominica citizenship through investment programme is legally entrenched in law, and since Dominican law does not contain any restrictions on holding dual nationality, obtaining second citizenship by investment in the country is a confidential process that does not require a person to renounce his existing citizenship and be present to get the Dominican passport,” Roosevelt noted.Anichi Resort & Spa is certified by the government of Dominica for citizenship investment through its citizenship by investment programme. Its striking design, amplifying the spirit of Dominica and its indigenous people, fuses tropical foliage with impressive architecture, giving way to what can only be called eco-chic resort living.“I, on behalf of the people of UAE, express great gratitude to the dignitaries from the Commonwealth of Dominica for supporting the AAA Associates’ seminar and making it resounding success. I must say that now is the right time to embrace out-of-the-box approach in the citizenship by investment (CBI) programs extended by Caribbean region, that has two-way benefit – developing the economies of applicant’s home country and Dominica,” Farooq said.“In addition to having no physical residency requirement, the Dominica CBI investments are done in government managed escrow accounts, has no language, age, business experience, or educational requirements, and there is no mandatory interview,” he explained.The CBI industry is worth US$2 billion per annum that helps the economies of the host countries to grow. Many European, American and the Caribbean countries are offering citizenship in exchange of investing in real estate, cash donation, investment in government bonds and treasuries and public projects.A report published in Finance and Development, a publication by the International Monetary Fund (IMF), says, the inflows of funds to countries from the citizenship by investment programmes can be substantial, with far-reaching macroeconomic implications for nearly every sector, particularly for small countries.Programmes with popular real estate options generate an inflow similar to that of foreign direct investment (FDI), boosting employment and economy. The Marriott Autograph Collection will open in late 2019 and the project is funded from the real estate component of Dominica’s citizenship by investment programme.Established in 1993, the Dominica economic citizenship programme legally offers individuals and families an irrevocable second citizenship and passport in only three to six months, with no visit to the country required. The Caribbean island nation has an excellent international reputation and, consequently, Dominica passport provides visa-free access to 130 countries around the world, including the Schengen zone, Europe, Switzerland, Singapore, Hong Kong, the UK and many more. BusinessInternationalLocalNewsPrint Marriott hotel development in Dominica signs exclusive sales agreement by: – April 27, 2018 Sharecenter_img 647 Views   no discussions Sharing is caring! Sharelast_img read more

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Olsson tied for first after first day at Eagle Invitational

first_img Share Elin Olsson is tied for first after Sunday’s first round (Photo by Jim Hogue)  BONITA SPRINGS, Fla. – Sophomore Elin Olsson shot a first round 72 on Sunday to lead the No. 11 ranked West Florida women’s golf team in the first round of the Eagle Invitational hosted by Florida Gulf Coast. Olsson is tied for first individually, and the Argonauts (302) are in second place as a team behind No. 4 Barry (296).Two rounds were scheduled for Sunday, but the second round was suspended due to rain. The tournament was cut back from 54 holes to 36, and the final round will be played on Monday.Barry holds the lead at 296, six strokes ahead of UWF. Finishing the first round in third place was tournament host Florida Gulf Coast (303), and Bethune-Cookman (308) and Northwood (310) followed in fourth and fifth place, respectively.Olsson (Mantorp, Sweden/Bildningscentrum Facetten) shot a 72 to mark her best round of the young season, and she was followed closely in the standings by freshman Lily Kent (Stowmarket, England/Thurston Community College HS) in fifth place. Kent carded 74, her best round in two tournaments as an Argonaut.Camila Sevillano (Cali, Colombia/La Arboleda) finished the round tied for 14th with a 77, and she was followed by teammates Aimee Paterson (Sherfield on Loddon, England/Queen Mary’s) and Daisy-May Kenny (Purley, England/Woodcote HS) in 21st and 30th place. Paterson carded 79 and Kenny 81.“Elin is playing great and we’re looking for her to continue that tomorrow,” said head coach Bryan Clarke. “Camila, Aimee and Daisy didn’t play their best today, but it’s nice to be able to shoot 302 when three of your players don’t shoot their best. I’m proud of these girls because they fight all the way through. They’re learning and growing every day. We’re looking for the girls to play well tomorrow, to chase down Barry and try to get a win.”The rain-shortened tournament will conclude at Worthington Country Club on Monday with the second and final round. For information on all UWF athletics, visit www.GoArgos.com. #ARGOS#  1 Barry               296  2 West Florida        302  3 Florida Gulf Coast  303  4 Bethune-Cookman     308  5 Northwood (Fla.)    310  6 Florida Atlantic    320  7 Tampa               328  8 Johnson & Wales     368 T1 Elin Olsson          72 T5 Lily Kent            74T14 Camila Sevillano     77T21 Aimee Paterson       79T30 Daisy-May Kenny      81Print Friendly Versioncenter_img Olsson tied for first after first day at Eagle Invitationallast_img read more

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Disney Bicara dengan Brightline Seputar Rencana Kereta Berkecepatan Tinggi di Properti

first_imgDisney World untuk pertama kalinya mengaku kepada publik bahwa telah berbicara dengan Brightline tentang pengembangan stasiun kereta api berkecepatan tinggi di propertinya. Brightline yang juga dikenal sebagai Virgin Trains memiliki keinginan untuk membangun pemberhentian di Disney sejak 2018 lalu.Baca juga: Redam Kebisingan, Jepang Lakukan Riset Aerodinamika Kereta Cepat dengan Terowongan AnginBahkan sejak tahun 2018, Brightline sudah mengajukan dokumen-dokumen ke Komisi Sekuritas dan Bursa Amerika Serikat serta menyertakan peta yang memiliki stasiun Disney ditampilkan di sepanjang rute. Adapun rute kereta berkecepatan tinggi ini adalah untuk mengubungkan Florida Tengah ke Florida Selatan.Tak hanya itu, di dalam rute tersebut akan mencakup stasiun hub di Bandara Internasional Orlando yang akan dibuka tahun 2022 mendatang. Namun, belum jelas apakah Disney tertarik untuk kehadiran stasiun di properti miliknya. “Sebagai tujuan liburan utama dan perusahaan tempat kerja tunggal terbesar di Amerika Serikat, Walt Disney World Resort adalah pilihan yang jelas untuk stasiun kereta api antara Bandara Internasional Orlando dan Tampa. Kami telah melakukan percakapan dengan Virgin Train USA, dan belum membuat komitmen pasti, kami telah sepakat untuk lebih mengeksplorasi secara resmi pengembangan stasiun kereta di properti kami,” ujar juru bicara Disney yang dikutip KabarPenumpang.com dari wesh.com (17/12/2019).Pihak Disney menambahkan, bahwa Brightline sedang mengincar Stasiun Disney dan awal tahun ini sebuah prospektus kepada investor perusahaan menyatakan telah terlibat dalam diskusi dengan pihak berwenang untuk membangun sistem kereta penumpang antara Orlando dan Tampa. Hal ini dengan pembangunan sebuah stasiun di pusat kota Tampa dan berpotensi perluasan ke Disney World.Diketahui, konstruksi telah dimulai pada jalur kereta api yang menghubungkan Orlando dan West Palm Beach serta sebuah Depo telah dibangun untuk layanan d Bandara Internasional Orlando dekat dengan kompleks Terminal Selatan. Pejabat Brightline mengatakan pemberhentian Disney akan memberi pengunjung dan Floridia opsi bebas mobil untuk mencapai objek wisata yang paling banyak dikunjungi di negara bagian itu.“Sebuah stasiun yang diusulkan akan menyediakan koneksi kereta langsung ke Bandara Internasional Orlando dan berfungsi sebagai segmen awal untuk perpanjangan Virgin Train di masa depan ke Tampa,” kata Wakil Presiden Senior Brightline Ben Porritt.Baca juga: Disneyland Resort Line Hong Kong, Kereta Khusus dengan Nuansa Mickey MouseBrightline mengumumkan tahun lalu bahwa mereka telah bermitra dengan miliarder Inggris Richard Branson dan akan mengubah namanya menjadi Virgin Trains USA, tetapi perubahan nama itu belum diumumkan secara resmi.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Like this:Like Loading… RelatedAnda Rindu Disneyland? Ikuti Perjalanan Virtual Melalui “It’s a Small World”16/04/2020In “Darat”Stasiun Fengtai, Digadang Menjadi Stasiun Terbesar Se-Asia23/08/2018In “Darat”Menapaki Sentuhan Belanda di 10 Stasiun Tua di Indonesia09/06/2019In “Darat”last_img read more

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Open Enrollment through Healthcare.gov Available through January

first_imgJessie Menkens with the Alaska Primary Care Association says she understands that both processes may be very confusing for Alaskans and they’ve set up ways to help. Menkens: “We have a website, www.getcoveredalaska.org. We also facilitate a helpline for Alaskans, and that number is 1-844-PLANSAK, that translates to 1-844-752-6725.” FacebookTwitterEmailPrintFriendly分享Alaskans can enroll in the federal Health Insurance Marketplace through January but individuals covered under Moda Health only have until December 15 to switch policies. Moda Health announced this spring that they would not offer individual insurance for 2017 in Alaska, leaving Premera Blue Cross Blue Shield as the only company offering individuals plans in the state. Premiums on healthcare.gov were anticipated to rise by almost 25 percent before this period of open enrollment however some states are only reporting two to seven percent increases.center_img She says the rise in premiums for Alaskans depend on individuals’ healthcare needs. Each year fines have been implemented for uninsured Americans who decline the federally mandated healthcare. Menkens detailed this years fees: Menkens: “If an individual determines they will not be covered for nine out of twelve months out of the year, then they would be looking at a fee of $695 per adult or 2.5 percent of one’s income, whichever one’s higher.”last_img read more

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Mao shines at Nagano exhibition

first_imgNAGANO – Teenage star figure skater Mao Asada, who will aim to win her first title in her debut at the world championships in March, put on a spectacular display to claim her first victory of the new year at an exhibition meet on Thursday.Mao Asada smiles during her performance with dog Aero at the Japan Super Challenge exhibition at Big Hat ice arena in Nagano on Thursday. KYODO PHOTO IN FIVE EASY PIECES WITH TAKE 5 Showing a bounty of expression, Asada collected 99.5 points to win the Japan Super Challenge exhibition held at Big Hat ice arena in her first showcase of 2007.Asada, who won her first singles title at the figure skating national championships last Friday, skated to the theme from “The Wizard of Oz,” the same program she used to win the world junior championships.Asada plays heroine Dorothy from the musical fantasy film, skating while carrying her dog Aero, who is supposed to be Dorothy’s beloved companion Toto.At one point in the performance, Asada handed her dog to her older sister Mai and executed a triple axle, drawing a huge round of applause from the crowd.“I was really nervous. Aero also got really dizzy but this will be a memorable first experience,” said Asada, who has booked her ticket as one of the top favorites at the world championships from March 20-24 at Tokyo Metropolitan Gymnasium.According to sources close to the skater, Asada is scheduled to travel to the United States in mid-January for training.Russian Irina Slutskaya, third behind Japanese gold medalist Shizuka Arakawa at the Turin Winter Olympics last February, also took part in the exhibition but said she won’t compete at the worlds.American Sasha Cohen, who took silver at the Turin Games, has also said she will sit out the worlds. KEYWORDScenter_img GET THE BEST OF THE JAPAN TIMES Mao Asada last_img read more

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