I would think that any serious business organization, certainly one of the standard of McKinsey, would have had a contract in place prior to beginning work. Yet, here it states in this report that this is one criterion that was not met. In addition, “given the contract date was less than 24 hours earlier than the deliverable date, with no vendor signature on the contract to establish the start date, there is a risk that the work began before the contract was in place”, as we've determined here.
The report also states, “The terms of the contract were not met, because only one of the four presentations stipulated in the contract was provided by the vendor, and yet the vendor was paid the full contract amount.” We've seen the bonuses handed out to civil servants recently, despite having met their objectives less than 60% of the time. Is this the normal practice of McKinsey, that you would complete a quarter of the work, 25%, and yet take the entire amount that was awarded to you?