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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: jan m. who wrote (15297)4/23/1998 2:01:00 PM
From: baggo  Read Replies (1) | Respond to of 31646
 
Jan,
I don't know but the stock price likes the ring to it!
Good luck longs,
Brice



To: jan m. who wrote (15297)4/23/1998 2:03:00 PM
From: Dan Dieffenwierth  Read Replies (1) | Respond to of 31646
 
Real time = 13 5/16 x 13 7/16 Movin' on up!!



To: jan m. who wrote (15297)4/23/1998 2:18:00 PM
From: Steve Woas  Respond to of 31646
 
"So, What is a Master Consulting agreement? Anybody?"

I think it has something to do with golf, for which we will all be able to spend more time. <ggg>

Good Investing,

Steve



To: jan m. who wrote (15297)4/23/1998 2:46:00 PM
From: James Strauss  Read Replies (1) | Respond to of 31646
 
>>>So, What is a Master Consulting agreement? Anybody? Jan<<<
**********************************************************************
Jan:

It's like a master plan, a strategy for rolling out TAVA remediation across 1200 sites...

This is from the news release:

""The Master Consulting Agreement establishes terms and conditions upon which TAVA will make its Plant Y2K One(TM) products and services available to company owned subsidiaries and independent companies
involved in the manufacture and distribution of the company's products. The Agreement covers up to 1200 sites.""

Jim



To: jan m. who wrote (15297)4/23/1998 2:54:00 PM
From: Willing2  Read Replies (1) | Respond to of 31646
 
A Master Consulting Agreement usually defines the terms and conditions under which work will be done and billed. They are frequently used by large distributed companies to achieve consistency or expectations and budgetary control for work to be done by a service provider.

It might look like this:
TAVA will be paid $X(a) to evaluate and report what work needs to be done for sites fitting the (a) criteria; $X(b) for (b) criteria sites, $X(c) for (c) criteria sites etc.

Remediation efforts will be prioritized by the Company; the Labor rate for all work to be performed will be $Y; materials will be supplied at vendor cost + Z%.

At the Company's option, the supplier (TAVA) will replace process systems performing XYZ function with the suppliers Y2KProcessOne system at a fixed rate of $ZZZZZ per system.

If the Company knows that it has, say 100 plants creating a constituant product that is used by 1000 of the company's other plants to produce the consumer product,a Master Agreement allows management to budget for the worst cast (replace all 100 lines with the supplier's Y2KProcessOne. Having a single supplier means consistency and accountability for quality -- and price.

The supplier gets all the work ($$$), and in return takes on some of the risk since each site will have slightly different needs and costs. Some suppliers will assemble "TEAMS" that travel to all the client Company's locations, become experts on this client's operation, and leave behind a consistent solution. By about the 4th plant, these teams can become *VERY* efficient, beating the normal work time which means higher profits for the supplier, in this case TAVA!

These agreements are usually good for both companies.



To: jan m. who wrote (15297)4/23/1998 3:01:00 PM
From: JDN  Read Replies (2) | Respond to of 31646
 
Dear Jan: If I were a guessing man, and of course I am, I would say a Master Consulting Agreement is an agreement where we have someone we consult to (ex GM) who in turn has others THEY consult to (suppliers). Now we are not going to make the per unit money on a deal like this as we got to share with the first consultant but 1200 sites!!! Could be a nice piece of change. JDN