Quote:
Originally Posted by Slava
A lot. At $75k a day, which is a lot of cash to hand over for you or I, on a $785M project its a drop in the bucket. That was why I was asking earlier whether the conglomerate who won this bid really has a problem with these fees, or whether these fees were considered particularly expensive. When you are doing a job for $785M and then end up being paid $784M is it really that big of a deal? Its a miniscule percentage of the whole contract.
I don't know, because I don't work in the field at all. I am purely a bystander, but the penalty doesn't look too severe.
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True, but the contractor obviously isn't making $785 million in profit. I have no idea what their profit would be from the construction piece (as opposed to the maintenance contract), but odds are that $1 million will not be a miniscule percentage of that.