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Daily Telegraph reporting tonight that a contingency plan for the FSS contract is being arranged amid fears Harland & Wolff could collapse.
Article behind paywall so unable to post further details.
Bet old Woodster is raging....
Si_Derman ref 19.16 post good thing I do not believe in conspiracy theories and also that I am not paranoid but I find it interesting that the contingency plan involves the consortium that failed in the tender because they submitted a non compliant bid.
Wouldn’t Navantis lose out in this situation and why don’t they underwrite HARL
How would they lose out?... would you underwrite JW?
Harland & Wolff said it was “business as usual”, stressing that “nothing had changed”.....
That's maybe the main problem and kind of sums it up, tbh.
They’re certainly trying to box them into the corner.
Hopefully they have options and can stick two fingers up
What options are they then?
What a load ad of rubbish ,
Navanta are putting 77-100 million into infrastructure to build FSS do you honestly think they gonna allow it to fail
Oh and let’s add on other contracts harl have got
Aww Bubble, your one liners are such a joy. How do you think JW is going to pay Riverfort their 100M by year end?.
The loan isn't off the table yet remember... it's all speculation. Could still happen....
Yeah they could lean in here one thinks
The Government source added that talks were still focused on helping to secure Harland & Wolff’s future, adding that contingency plans would only be looked at in a “worst-case scenario”.
It's all bull excrement. The FSS contract is with Navantia, not HARL. Our contract is a sub contract with Navantia.
"execution of the Fleet Solid Support Programme's Manufacture Contract between the Ministry of Defence ("MOD") and Navantia UK Limited ("Navantia"), the Company has now formally executed the Subcontract with Navantia UK Limited (the "Subcontract").
Is this newspaper seriously suggesting that the government would take the contract off Navantia and give it to the rival bidder who submitted a non complient bid? Navantia would sue the government for a fortune.
Expect more articles like this until finance is confirmed, and more questions by Kevan Jones. This consortium are going all out now.
There needs to be an investigation into the actions of Team UK and Kevan Jones over the past couple of years. But no doubt there won't be.
Liableous and defamatory post by Hebridean reported
Bubble - More libellous than you claiming on more than one occasion that I was sacked from HARL?
Half the cash is to pay of Riverfort, hardly the accountability and responsibility of anyone else bar JW, that's more than likely where the challenge is sitting.....
Stokey. Ref. your post of 16 May 2024 19:26.
Might it be time that you started believing in "so-called" conspiracy theories - aka Corruption on an Industrial Scale!
What a country we now live in!!!
ATB, FG