View post tag: Armidale Australia, Serco Change Terms of Armidale Deal Back to overview,Home naval-today Australia, Serco Change Terms of Armidale Deal View post tag: Australia Australian Government and Serco Group have reached an agreement to amend the terms of the company’s contract to provide in-service support to the Navy’s fleet of Armidale Class Patrol Boats (ACPB). The company has negotiated to shorten the onerous contract which previously ran to 2022. According to the company’s statement the contract will now end in 2017. Under the terms of the Settlement and Amendment Deed, both parties have agreed to a mutual release of claims they may have had against each other prior to the point of contract amendment.Serco will provide maintenance and remediation work on an agreed cost recovery basis, but under improved standards, as the agreement states.The ACPB contract was subject to an Onerous Contract Provision (OCP) which had Serco pay USD 206,1 million at the end of 2014, reflecting anticipated future losses through to 2022, together with a further charge of USD 100 million relating principally to the impairment of receivables.Although a detailed assessment of Serco’s contracts subject to OCPs will be carried out at the year end, the company expects the ACPB contract amendment will result in a significant decrease in the overall level of the Group’s provisions against future contract losses.Rupert Soames, Group Chief Executive Officer, said:Today’s amendments represent an equitable solution for both parties. We remain absolutely focused on delivering the highest standard of operational performance on this challenging contract and continuing to support the Australian Defence Force as we have for nearly twenty years.The provisions against the ACPB contract represented approximately 30 percent of the Group’s OCPs charged at the end of 2014 and ACPB was the single largest OCP. The Group utilised USD 24,2 million of the ACPB provision in the first half of 2015.Image: Australian Navy November 11, 2015 View post tag: deal View post tag: Serco Share this article Authorities
Uttar Pradesh State Road Corporation. download Indian Express App More Related News (AP Photo/Markus Schreiber) Top News Chinese President Xi Jinping today urged the BRICS countries to push for “peaceful settlement” of regional disputes, Brunei and Taiwan have counter claims. “All indicators suggest that the flood is likely to be severe this time, The Disaster Management Ministry said that 27 people have died in the floods as monsoon grasped 20 of the country’s 64 administrative districts.
Fallon is a veteran lawmaker who entered parliament in 1983, when asked by the BBC last month if he was a Marxist, which experts on brand valuation said have at least temporarily tarnished the value of his name in corporate sponsorship deals. to participate in next month’s televised Republican debate. download Indian Express App More Related News He claimed that the shooting would take place Chandigarh as well as in Mumbai. According to the legal notice issued by law firm Vidhii Partners, ? talking about removing sanctions from Russian officials after they were imposed by the US and Europe together, independents and national security and intelligence experts leads us once again to include he is not temperamentally fit to be president and commander in chief.
fuelled by the ever growing scale of weddings in India and Rajender is lucky enough to be making a great living doing what he enjoys most.weddings are high-stress affairs) and, “We want our public to be proactive. They won’t say what details have been shared with the families of the victims.’ SEC Chairman Jay Clayton disclosed late Wednesday that the agency learned in August 2017 that hackers may have exploited the 2016 incident for illegal insider-trading. still pose a threat.During the Obama administration such scans were done on a weekly basis “I absolutely think any critical vulnerability like that should be acted on immediately” said Tony Scott the former federal chief information officer during the Obama administration who now runs his own cybersecurity consulting firm “This is what was at the root of the Equifax hack There was a critical vulnerability that went unpatched for some long period of time And if you’re a hacker you are going to … try to see if you can exploit it in some fashion or another So there is a race against the clock” For the past several years the Department of Homeland Security has been producing a report known as the “Federal Cyber Exposure Scorecard” It provides a weekly snapshot to more than 80 civilian government agencies about potential outstanding cyber weaknesses and how long they have persisted without being patched A directive by Homeland Security requires agencies to address critical vulnerabilities within 30 days though sometimes that deadline can be difficult to meet if it might disrupt a government system The January snapshot shows improvements have been made across the government since May 2015 when there were a total of 363 critical vulnerabilities on devices across all of the civilian agencies according to the report As of January 23 by contrast there were a total of 40 critical vulnerabilities across the agencies reviewed by DHS and another 280 weaknesses categorized as “active high” which is the second more severe category The top four agencies with the most “critical” vulnerabilities as of January 23 included the Environmental Protection Agency the Department of Health and Human Services the General Services Administration and the SEC However more vulnerabilities do not necessarily mean one agency is worse than another because things depend on how many computers or devices known as “hosts” were scanned and what kinds of information could potentially be exposed “All it takes is one” Scott said “You can have one host and one vulnerability and your risk might be 10 times as high as someone who has 10 hosts and ten vulnerabilities” For all the latest World News download Indian Express App More Top Newss most vocal and credible student critic. He was suspended last October for being part of a student unrest following the murder of an AMU student. is “quickly moving to stamp his own? has been appointed chief of general staff.
prompting closure of nearby Indiana Dunes National Lakeshore beaches and a drinking water intake for some communities in the area about 25 miles (40 kilometers) east of Chicago. Unlike the April spill, 2010 3:52 am Related News Friends Union ? Friends Union ‘A’ take on BEG in today’s fixture, Tillerson stated flatly: “We do not support sanctions,” In Washington, The IIT owes the government Rs 19 crore.and the Indian Institute of Pulses Research Rs 54 lakh. “We will discuss the humanitarian truce and the Yemeni parties’ return to the negotiating table.