(Interim Management | Contract Management | Claims | Disputes)
We have provided Interim Management for an International Company specialised in the Water Sector, with many projects in Romania (Water treatment plants)
Risk Management
Quantity Surveying
Claims Quantum
Planning / Scheduling
Planning / Scheduling
Technical Expertise for Disputes (DAB / Arbitration Court)
(Technical Expertise | Tender Documentation | Quantity Surveying)
Technical documentation, Design Optimization and Quantity Surveying for different Tenders and Projects (Yellow Fidic) related to Highways and Water projects with EU Funds for a Design Company (Romania):
Quantity Surveying
Value Engineering
Project Design Analysis / Optimization
Always interested in learning more about quality assurance in projects we attended to PMI Romania Chapter monthly meeting in Cluj-Napoca, on October 24th, 2019, hosted by NTT DATA Romania.
Meeting Topic: The value of quality assurance in IT projects
Agenda:
18:15 – 18:45 Registration/Snacks/Networking
18:45 – 19:00 PMI Presentation – Iustinian Șovrea
19:00 – 19:10 Host company presentation: NTT DATA Romania
19:10 – 19:50 Presentation: The value of quality assurance in IT projects – Rodin Socaciu
Like all other sectors, Management of the Projects in IT industry also needs quality assurance and control in order to create the right framework of procedures and processes for successful implementation. In this context, Rodin described how project management activities are connected with quality assurance processes to ensure healthy projects.
19:50 – 20:00 Break
20:00 – 20:50 Panel Discussion
20:50 – Networking
There was a surprise guest Simona Bonghez from Colors in Projects who talked about Ethics in Projects form PMI Ethics Member Advisory Group perspective.
The anniversary of Columbus’ landing in the New World on October 12, 1492, is widely celebrated throughout the Americas. Celebration of the anniversary in Spain dates to 1935, when the first festival was held in Madrid. The day was known as Día de la Hispanidad, emphasizing Spain’s connection to the Hispanidad, the international Hispanic community.
As our company has Spanish roots, we want to mention the importance of Infrastructure Sector & Contractors & Civil Engineers in Spanish economy and how are recognised worldwide.
Our team is proud to celebrate in Bucharest, Belgrade and Cluj-Napoca the Spanish National day this year and we would like to highlight some of the best Infrastructure achievements of Spain wishing that Romania and Eastern Europe will follow through with this example.
If there is a sector that Spain has been leading for years it is that of high-speed rail. Since the first AVE line in 1992 until today, Spain has become the no.1 nation in Europe in terms of the length of its high-speed network – more than 3,240 kilometres – and the second in the world, only surpassed by China. We don’t stand out just for length: according to a study by the Economic Studies’ Institute (IEE) in 2016, with data from the World Economic Forum, Spain has the fourth best rail network in the world in terms of quality, surpassed only by Japan, Switzerland and Hong Kong.
In addition to high-speed rail, Spanish infrastructures stand out worldwide for their present airport network, one of the most modern in the world and with the highest air connectivity. It is ranked fifth in the world in terms of the number of connections with 325 domestic routes and 1,300 flights abroad.
As far as the road system is concerned, Spain is ranked first in Europe in terms of kilometres of motorways and freeways according to the Ministry of Public Works. It has 17,163 kilometres of toll motorways, toll-free motorways, freeways and multilane roads. Germany as 13,000 kilometres and France around 12,000.
The Environmental Performance Index (EPI) for 2018, drafted by the Universities of Yale and Columbia, in collaboration with the World Economic Forum, ranks Spain 12th amongst 180 countries based on 24 indicators which include environmental health and ecological vitality.
At present 17.5% of the energy consumed in Spain is renewable, according to the Association of Renewable Energy Companies (APPA), about the average for the European Union. This percentage is even higher in the case of electricity generation, as almost 50% of electrical consumption derives from renewable sources, such as hydraulic, wind, solar and thermosolar, according to Red Eléctrica.
Held in Cluj-Napoca, Romania on 22th of March 2019
Briefing
We are living in an increasingly urban world with 68% of the world’s population estimated to live in cities by 2050. While cities are engines of the global economy accounting for 80% of GDP, they also produce 75% of CO2. Consequently, the role of cities is crucial in meeting the Sustainable Development Goals (SDGs), the recommendations set out in the Europe 2020 strategy, as well as in the Urban Agenda of the EU.
Cities need to find ways on leveraging smart and sustainable innovation both in how they design and deliver municipal services and opportunities. Resilience building in cities must adopt a people-centered approach that goes far beyond infrastructure considerations.
This is why UN-Habitat firmly believes that working directly with local governments and their partners is essential as they are the level of governance, which is closer to citizens and Mr Esteban visited our city to open a dialogue on how to start-up a resiliency framework for the city of Cluj-Napoca.
Speakers:
▪ Mr. Esteban Leon, Head of City Resilience Profiling Programme, United Nations UN-Habitat
▪ Ms. Anamaria Vrabie, Director of the Cluj-Napoca Urban Innovation Unit, Cluj Cultural Centre
▪ Mr. Dacian Dragoș, Director of Center for Good Governance, College of Political, Administrative and Communication Sciences, Babeș-Bolyai University
Moderator:
▪ Mr. Ovidiu Cîmpean, Director of Investments and Local Development, Cluj-Napoca Municipality
This event organized by Cluj Cultural Centre through its Cluj-Napoca Urban Innovation Unit program and Cluj-Napoca Municipality through its Centre for Innovation and Civic Imagination.
CINFRA Development is proud to have been a partner-sponsor for ECFS 2019 “European Conference Financial Services”.
Many important Public Authorities, Universities, Insurance Companies, Brokers, …participated to this event.
The European Financial Services Conference (ECFS) aimed, at its third edition to be a forum for debate on digitalization, automation and inovation in financial services, natural disasters management, practical application of the latest legislative news, but also add a economic and managerial perspective of financial realities, bringing together finance professionals, theoreticians and practitioners alike.
CINFRA Development as a Global Consultant in Civil Engineering and Infrastructure Fields, has Expertize in Loss Assessment, Risk Management and Inssurance Recoveries in complex Claims, very important topics in complex projects, natural disasters, … which were also discussed at this Conference.
• Financial Studies Institute, Bucharest
• The Association „Arbitration and Mediation Centre for Insurances” (ACAMA), Bucharest;
• The Romanian Society of Research for Public and Private Affairs, Tîrgu Mureș
Here you can find the Agenda and more information: https://ecfs.jus.rocs
Interim management is the temporary delegation of an person with management expertise into another organisation. These persons will typically be experienced business leaders who are able to manage an organisation through a period of change or transformation, provide stability to a business following the sudden departure of a senior leader, or provide a highly specialised skill set which a business may not have internally.
An organisation may choose to pursue the interim management route because the role in question is not a permanent position or a permanent executive/manager cannot be found fast enough.
Interim managers are typically hired for three to nine months and help organisations who are undergoing major change, trying to implement a critical strategy or are looking to plug a critical management gap.
This is one fo the latest services organizations require and there are still few organizations who use it or offer it in Romania.
Senior interim managers are typically highly experienced in a number of functions, and as a result are often adaptable to a range of situations. Typically interim managers are used:
To bring a specialised skill set into a project If you speak Spanish and want to know more, you can check-up this video:
 | Entrevistas AIME: Alfonso Lucio Villegascongreso.interimspain.org24 de septiembre de 2018 | |
The Romanian M&A market neared 2 billion euros in 2018, according to Deloitte Romania research, based on public sources and disclosed deal values. If estimates for deals whose value was not disclosed were factored in, Deloitte estimates that the Romanian M&A market was somewhere between 3.8 and 4.3 billion euros, slightly below the previous year.“We witnessed a slight diminution of M&A activity in 2018, after a very specific set of circumstances in 2017, namely a record number of deals between 100 and 500 million euros. Despite this slight YOY drop, the market remains at a robust level, as expected in a year of economic growth. The events of 2018 that represented a premiere were the two financing rounds obtained by UiPath, which attracted strong investment funds from around the world, thus becoming the first Romanian unicorn,” stated Ioana Filipescu, Corporate Finance Partner, Deloitte Romania.
In 2018, 14 deals with a disclosed or estimated value of at least 100 million euros were announced. In total, there were 96 deals observed by Deloitte in 2018. The average value of the disclosed ones was 50 million euros.
The largest deals of 2018 were:
– Vodafone’s acquisition of Liberty Global shares in Germany, the Czech Republic, Hungary and Romania (undisclosed value for Romania);
– the acquisition of Zentiva Group, including Zentiva SA Romania, former Sicomed, by Advent International (deal value estimated at 287 million euros, by applying the disclosed EBITDA multiple to the 2017 results of Zentiva SA);
– the sale of Agricost to Al Dahra group, the largest deal in Romanian agriculture (value of 200 million euros);
– the acquisition of The Bridge office building by the Paval brothers from Forte Partners
(deal value undisclosed);
– the acquisition of a 7.5% stake in UiPath by a consortium of investors led by Sequoia Capital; following this acquisition, the company’s valuation reached 2.6 billion euros (deal value of 194 million euros); it marks the second round of financing for UiPath in 2018, six months from the first one;
– the takeover of the Oregon Park office project in Barbu Vacarescu, Pipera area, by Lion’s Head Investment, which marks its first acquisition in Romania (undisclosed value);
– the acquisition by the German group Phoenix of Farmexim distributor and Help Net network (undisclosed value);
The activity of private equity funds remained high in 2018, with 12 announced deals. Topping the charts was the acquisition of Zentiva (including the local player, Zentiva SA) by Advent International. The total value of private equity deals was of over 1.1 billion euros,
according to Deloitte estimates. “The interest of private equity for Romania has remained, given that Romanian businesses have continued to grow and the macroeconomic fundamentals have largely remained unchanged from the previous year,” added Ioana Filipescu.
In 2018, the Deloitte Romania Corporate Finance team assisted the owners of Farmexim/Help Net in the sale to Phoenix, assisted Oresa Ventures in the sale of Fabryo, the decorative coatings manufacturer, to AkzoNobel, as well as the sole shareholder of Animax
in the sale to TRG and the shareholders of IKB in the sale to BNP Paribas. Together with Deloitte UK and Reff & Associates, the Corporate Finance team assisted Chimcomplex SA Borzesti in their bid to secure funding for the financing required to acquire
the assets of Oltchim SA, in insolvency. As a result of this deal, Chimcomplex will become the largest chemicals manufacturer in Romania.
The Romanian M&A market, in 2018:
Source:http://business-review.eu
Why it is important to test your idea before launching it to market and how you can do that quickly, this is what we learned during the Design Thinking Marathon organized in Cluj-napoca by Homecomers, with the objective to activate civic engagement in the local community of Cluj-Napoca.
The main steps are:
Step 1 – Empathize
The big challenge is to really understand your clients and design a process to ensure accurate data collection from them.
Step 2 – Define
Every cogent work of design requires something of a mission statement to bring clarity and focus to your work. What exactly are you trying to convey? What and who are you addressing? What are you bringing to the table?
Step 3 – Ideate
What separates design thinking from other empirical forms of thinking is the primacy placed on thinking wide, until you arrive at interesting solutions. The first rule of brainstorming dictates that there are no rules; all ideas are welcome and encouraged. Ideation gives us better answers to our problems, and gives us a better idea of a prototype.
Step 4 – Prototype
The design thinking process, in all it’s stages poses many questions “Will it work?” or “How will they respond?” or even “Will they even get it at all?” The best way to get rid of these fears is to come up with a prototype, a demo or a test model if you will. This can be pretty much anything, as simple as possible with only goal that he user engages with.
Step 5 – Test
Once you have sent out your prototypes, the next natural step is to solicit feedback from you users about their experience interacting with it. The way you choose to do this can even get you closer to your users, making yourself more personable and relatable. It’s all about empathy!
