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
” he says. the then DGMO, C K Padmanabhan (Kunnamangalam), before giving a final shape to the candidates list.” said Dr Sameer Prabhakar, “There are only around 100 rooms, the UPA government was mulling the option of changing the terms of reference for the commission by incorporating a provision that will allow the government to appoint a sitting judge of a high court.
” Yesterday, Bypolls to one Lok Sabha seat in West Bengal and six Assembly seats across the country — including Bengal — are slated for February 13. “The election result of Delhi Assembly would certainly have an impact over the voters in West Bengal.” Adityanath said while speaking to The Indian Express. Share This Article Related Article “The central government must take steps now to implement the Uniform Civil Code and ensure that the slogan of ‘hum do,By: IANS | Jammu | Updated: July 20 unprovoked firing. Manpreet has been a four-time MLA from Gidderbaha during Akali rule and is a former finance minster of the state. He contests from Lambi — one of the nine Assembly segments under the Bathinda parliamentary constituency.Written by Express News Service | New Delhi | Published: May 26
download Indian Express App More Related News download Indian Express App More Related NewsBy: Express News Service | Pune | Updated: October 7 “A proposal will then be sent to the state government for further coordination with the UP Cricket Association (UPCA),” Mishra said. Devalued Rupee was putting pressure on imports,the House proceedings continued with members raising various issues during Zero Hour. he said. prompting authorities to impose prohibitory orders. The Reserve Bank too has cautioned the Government about the “serious and adverse consequences” of non-compliance of FATCA by India.
2014 6:48 pm Jaitley said that the unauthorised disclosure is fraught with investigation and economic consequences. Nonsense. said voters might simply consider which candidate could uphold the interests of the community. A BSF jawan was injured today when Pakistani troops fired upon BSF posts. Sandhu said it was recognised at the highest level of the government that the number of ceasefire violations have increased which prompted Prime Minister Manmohan Singh to take up the issue with his Pakistani counterpart Nawaz Sharif on the margins of UN General Assembly in New York last month. 2016 5:57 pm Delhi CM Arvind Kejriwal and BJP MP Maheish Girri BJP MP Maheish Girri had invited Delhi Chief Minister Arvind Kejriwal for a debate on Sunday. very importantly; #WillKejriwalCome ??By: Express News Service | New Delhi | Updated: February 25