WEDNESDAY, SEPTEMBER 30, 1992

THE EXACT PROCESS OF EVALUATION AND

ON EACH DECISION

TO CONSULTANCY

ALL AWARDED IS

OUT IN TECHNICAL CIRCULARS SET

CIRCULAR HAVE BEEN DEPARTMENTS INVOLVED IN SUCH WORK. COPIES OF THE GIVEN TO LEGCO MEMBERS AS BACKGROUND TO THE CONSULTANCY SELECTION PROCESS.

WORK BOARD

ENGINEERING

AND

TAKES

HAS BEEN CORRUPTION

THE

"THE PROCEDURE, INCLUDING THE

OF THE ASSOCIATED CONSULTANTS SELECTION

(EACSB), WHICH ULTIMATE DECISION ON THE AWARD OF ENGINEERING CONSULTANCIES, CLOSELY VETTED BY

THE INDEPENDENT COMMISSION AGAINST (ICAC).

"THE DETAILS OF THIS PROCEDURE ARE AVAILABLE FOR INSPECTION THE PUBLIC OR ANY SPECIFIC INTERESTED PARTIES," THE SPOKESMAN ADDED.

AN

REPUTATION INTERNATIONAL

BY

OF

"HONG KONG HAS BUILT UP OPERATING A LEVEL PLAYING FIELD ON CONSULTANCIES AND OTHER CONTRACTS, HE SAID.

SCRUPULOUSLY AND

FAIR

ON ACP CONSULTANCY

BEING NO

PREFERENTIAL

"STRINGENT

ARE STANDARDS AND MAINTAINED

WORKS CONTRACTS, RGOROUSLY FAVOURITISM IS SHOWN AND NO COUNTRY OR FIRM IS GIVEN ANY TREATMENT AT ALL.

"

ENGINEERING CONSULTANCY CONSULTANT'S RELEVANT BRIEF,

THE SPOKESMAN EXPLAINED THAT BIDS FOR WORK WERE CAREFULLY EVALUATED ACCORDING TO THE EXPERIENCE, HIS RESPONSE TO THE TECHNICAL REQUIREMENTS OF THE

HIS PROPOSED METHOD HIS APROACH TO THE NEED FOR COST EFFECTIVENESS,

HE AND PROGRAMME OF WORK, AND THE ABILITY AND EXPERIENCE OF THE STAFF WOULD PROVIDE TO FULFIL THE AGREEMENT.

THESE FACTORS ARE CONSIDERED

FEE PROPOSAL

UNDER AN AGREED

EVALUATION OF THE VARIOUS BIDS.

WEIGHTING

TOGETHER WITH THE CONSULTANT'S

IN ORDER TO PRODUCE

AN

CHANGES MADE TO BANKING LICENCE CRITERIA

A GOVERNMENT

**

SPOKESMAN SAID TODAY (WEDNESDAY) THAT CERTAIN CHANGES HAD BEEN MADE то THE CRITERIA FOR BANKING LICENCE APPLICATIONS.

THE

TO SPOKESMAN SAID ONE OF THE CHANGES WAS DESIGNED HONG KONG

FULLY TO COMPLY

WITH THE MINIMUM STANDARDS ON OF INTERNATIONAL SUPERVISION

BANKING GROUPS AND CROSS-BORDER ESTABLISHMENTS PUBLISHED BY THE BASLE COMMITTEE OF SUPERVISORS IN JULY THIS YEAR,

ENABLE

THE

THE CHANGE RELATES TO THE CRITERIA CONCERNING HOME SUPERVISION AND CONSENT BY THE HOME AUTHORITIES.

/"IN CONSIDERING

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