I found this post on Yahoo interesting:
<<Re: Bulgarian NIHC refutes Aremis by: odysseycapital 05/30/01 08:17 pm EDT Msg: 23534 of 23534
Just to set aside the Bulgarians for one second. Here in the US we issue contracts all the time. As part of the standard language in a US contract is "performance clauses". Even if you obtain a "guaranteed" contract from the US Government, if you fail to perform in accordance with the terms and conditions of the contract....the contact will be taken away from you and the "balance" of the remaining contract will, most likely, be given to the next higher bidder for completion. We all realize and accept this as fact in the US, yet we never question the validity of a "guaranteed" Government Contract.
In Bulgaria, they do not have the same perfomance clause language that we have. They have a future bid clause that is designed to serve the same purpose. If AREM performs in accordance with the terms and conditions of the contract, there is no chance in hell that they will not get the balance of the contract. If they fail to perform, the balance of the remaining cotract will be reopenned for bidding. SAME TERMS.......SAME TYPE CLAUSES......DIFFERENT LANGUAGE. IF ONE IS TO QUESTION THE $37.5MM CONTRACT FROM BULGARIA, THEN YOU WOULD HAVE TO QUESTION EVERY GOVERNMENT CONTRACT EVER AWARDED ANYWHERE.
Simply put, this is the most rediculous claim I have ever heard. Not to mention that, in its entirety, it represents less that 5% of AREM projected revenues. Can we please move on to something else that, perhaps, has some substance.>> |
