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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Back end Contentious, disputes‑focussed legal services, for instance representing a party in litigation... Benchmarking A method for assessing whether service quality and pricing align with prevailing market levels (where they exist) without running a formal competition. It can also be applied to track improvement or evaluate performance... Best value The obligation on every local authority to arrange for continual improvement in how its functions are carried out, having regard to economy, efficiency and effectiveness (Local Government Act 1999, s 3). This entails considering costs, securing value for money, and ensuring services reflect community needs and the authority’s priorities. See Practice Note: Best value in public procurement... Bid bond Also called a tender bond (or guarantee). Used within the tender process to secure performance by bidding contractors, most commonly on international projects...
CASE HUB ARCHIVED – this archived case hub sets out the position as at the cancellation of the investigation on 21 May 2020 following the abandonment of the deal; it is no longer maintained. See also the timeline and commentary. Case facts Outline of the UK merger inquiry into the proposed purchase by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited. The transaction created horizontal overlaps in the UK supply of standard foam panels and single skin construction sheets. Latest developments On 21 May 2020, the CMA officially terminated its phase 2 probe after the parties chose to drop the planned transaction. Parties Kingspan Holdings (Panels) Limited (Kingspan): a building materials business, headquartered in Ireland and listed on the Irish Stock Exchange. Building Solutions (National) Limited (Building Solutions): a leading UK manufacturer and distributor of building envelope solutions, operating via the brands Steadmans, United Roofing Products, Trimform Products, and Advanced Cladding & Insulation. Background On 7...