RE: Yesterday’s RNS20 Mar 2019 13:36
Maybe because as several posters have spelled out including myself that nothing has been signed yet.
seeing as Bond is a lawyer, this from law insider -
Examples of Preferred Tenderer in a sentence
The Letter of Intent entitles the Preferred Tenderer to charge all work done on an hourly basis and requires the States to issue clear instructions to the preferred Tenderer, so we would hope to alleviate LURGI's concerns over any apparent lack of clarity during the Letter of Intent negotiations should they be selected as Preferred Tenderer.
If the Principal desires to enter into discussions, it will, in the first instance enter into discussions with the Preferred Tenderer.
The Principal is not required to disclose to Tenderers the identity of the Preferred Tenderer.
It is now the States' intention to identify a Preferred Tenderer and enter into a Letter of Intent (LOI) with such party, which will allow the States and the Preferred Tenderer to develop the current Tender from its current base level to a final level and concurrently with this, apply and procure for the grant of Planning Permission to build the plant and Environmental Licence to operate the plant.
The client and Preferred Tenderer then entered into a Preferred Tender Agreement to undertake a risk minimisation phase.