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Noble Francis @NobleFrancis
, 4 tweets, 4 min read Read on Twitter
For all the recent talk of Interserve, their problems are not just recent ones. Their decline has been clear for four years. Their share price yesterday was 94.7% lower than at peak (in March 2014)...
#ukconstruction #outsourcing #interserve
... & 83% of their invoices are not even paid within the agreed payment terms. It's not merely a company-specific issue, the government outsourcing model is fundamentally flawed as we also saw with Carillion...
#ukconstruction #outsourcing #interserve
... that involves Winner's Curse (desperation to (continue to) win contracts means winning them at low or negative margins & also poor acquisitions & expansions into new sectors without the knowledge in those areas...
#ukconstruction #outsourcing #interserve
... & government gets criticism for giving Carillion & Interserve new contracts when it is clear there are major issues but they are so dependent on government for revenue that not giving them new contracts puts them further in trouble.
#ukconstruction #outsourcing #interserve
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More from @NobleFrancis see all

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A 'No Deal' Brexit would pose major problems for the UK construction industry in the short-term & long-term. A brief thread...
#ukhousing #ukconstruction #NoDeal #NoDealBrexit
There are skills issues in UK construction. In 2018 Q3, 82% of contractors reported difficulties recruiting carpenters & joiners, 78% reported difficulties recruiting bricklayers & 63% reported difficulties recruiting plasterers.
#ukhousing #ukconstruction #NoDeal #NoDealBrexit
In 2018 Q3, 70% of main contractors reported difficulties recruiting roofers, 63% reported difficulties recruiting plumbers & half of main contractors reported difficulties recruiting painters & decorators.
#ukhousing #ukconstruction #NoDeal #NoDealBrexit
Read 17 tweets
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Thread: It's easy for government to make announcements like the Prime Minister's 240,000 homes per year (2007) or the Chancellor's 300,000 homes per year this weekend but...
#ukhousing
I'm not trying to be negative. The point is that if government is serious about building 300,000 homes per year, we need a long-term government plan irrespective of constant changes in housing minister (lasting 16 months on average in the past 20 years)...
#ukhousing
Announcing a large target for PR with a few gimmicks but allowing the market to collapse & blaming investors for land hoarding, house builders for land banking, lack of brick layers &/or bricks & complaining about low productivity helps no one.
#ukhousing
Read 3 tweets

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Four years ago on new years eve, I set out to build for myself a robust habit of habit engineering. Looking back, doing this has been very transformative for me.

A thread 👇
1/ I was originally inspired by Benjamin Franklin’s autobiography. He used to keep a sort of spreadsheet with a row for each day of the week and a column for each habit he was working on. In each cell he would mark whether or not he succeeded for that day/habit.
2/ Over the years, my version of Franklin's spreadsheet has evolved into a kind of personal "life operating system" that I call walrOS. It looks like this:
Read 19 tweets
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Four years to the day, we mourn the loss of #EricGarner, a faithful father, husband, and friend. He was 43 at the time of his death. #OTD
Garner was killed by a NYPD Officer Pantaleo who placed him in a chokehold in violation of departmental policies. nytimes.com/2015/06/14/nyr….
Just yesterday, the the #NYPD finally announced it will be moving forward with holding Officer Pantaleo accountable for using a banned chokehold and killing #EricGarner. This is long, long overdue. nydailynews.com/new-york/ny-me…
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Yesterday, I visited one of our key strategic partners, who also doubles as my Rabi. Usually after the normal business talk and mappings, we spare some thoughts for our beloved Nigeria. Let me just share a bit of some misconceptions that is killing us as a people. (Thread).
Democracy; In its origin (Greek)& etymological sense, it means a composite of demos & kratos. Demos can be translated as “the people” (qua “native adult residents of a polis”) & kratos as “power,” democracy has a root meaning of “the power of dPeople.” But power in what sense? 🤔
Let me back track a bit to point out that when Democracy was first envisioned, it was designed in such a way that only educated people within the society were able to vote. Women and slaves were not allowed to vote. This wasn’t due to racism or misogyny (sexist).
Read 74 tweets
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March 10 - Varzaneh, central #Iran
More incoming footage of farmers continuing their protests today, demanding their plundered water resources.
#IranProtests
March 10 - Varzaneh, central #Iran
More incoming footage of farmers launching a major rally demanding their plundered water resources.
"Incompetent officials, shame on you"
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March 10 - Varzaneh, central #Iran
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There Is No Campus Free Speech Crisis: An Unreasonably Long Thread
For us olds, there are few things more pleasurable in life than shitting on the young -- especially on college students, with their hacky sack and their animal houses. What, just because they haven't ruined their lives yet they think they're better than us?
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It's #March and one of the earliest pieces of advice I got after founding Prajnya was to a #fundraising drive in this month. Like most advice, it was well-meant but incorrect.
NGOs in India, especially those that have 80G exemption, are supposed to spend 85% of what they receive in a year, within the year. Failing that, we could lose non-profit status. So the Board has to resolve to spend the money within the year.
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