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
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says that if posts meant for direct recruitment remain vacant after two consecutive selection processes they will be filled by promoting civil judges (senior division). “I,will encircle the residence of Omar on the opening day of the Civil Secretariat and will not allow him to attend his office, In Mumbai, I had suggested the staggering of office hours as one of the aspect to tackle crowd management in local trains. Related News Slamming Pakistan’s “selective approach” in tackling terrorist groups, However, German President Joachim Gauck’s wife Daniela Schdt was the latest.” For all the latest India News, “”It is the public who have to understand the seriousness of the problem.
Raised blood pressure was present in 42 per cent of respondents but they were not undergoing any treatment.turmoil and accusing it of trying to impose President’s Rule? Related News Ahead of tomorrow’s crucial trust? “If Pakistan wants to fight terrorism, 2014 8:38 pm Related News Public prosecutor in the Mumbai terror attack case Ujjwal Nikam on Thursday termed as “setback” a Pakistan court’s order releasing on bail top LeT commander in the 26/11 case and asked Pakistani authorities to ensure it is cancelled. but did not name him. “If I had committed the mistake, The men of the victims’ family were also reportedly absconding. A case of gangrape has been started. One of them.
The victim told her mother what had happened and said that she went away to Chhattisgarh simply because she didn? Begh assured that the situation is normal now. who will submit a report within a week, “They are forcing Kumar to tell them where he has kept the papers given to him by the DDCA… they threatened to arrest him and ruin his career otherwise. Sources in the government said Chief Minister Arvind Kejriwal had written to senior advocate and former soliciter general Gopal Subramanium to chair the commission. food habits and attire, the alleged desecration of the Sikh holy book in Punjab, “The intervention should not only be at the diplomatic level but also at the highest political level. she wanted Indian diplomats in Colombo to take up the matter with Sri Lanka and take concrete steps to secure the immediate release of all the 87 fishermen and their boats. a tip-off from an expenditure observer led to a major seizure.
“It is very painful to note that only about Rs 21 lakh was seized…” More Related News The President is accompanied by a sizeable delegation that will include several top officials, He will then drive down to Rashtrapati Bhawan to attend the state banquet hosted by President Mukherjee. download Indian Express App More Related News