Now confirmed that any USN AAR contract for 2020 w
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(Total Views: 123)
Posted On: 10/13/2019 11:42:44 AM
Now confirmed that any USN AAR contract for 2020 will be via a new bid process that will have to be started ASAP to be in place in time.
In my opinion, this makes use of the fast-track ID/IQ MAC process almost certain.
The contract awarded to $TMPS on April 24, 2019 - protested twice by competitor Omega - with protests denied - has now been formally cancelled.
In a letter dated October 8th, 2019, the Navy has informed Tristar that as a consequence of litigation related to the Government’s procurement of this contract the Navy is de-scoping the entire remaining effort under the contract and no further work will be performed under this contract and all existing task orders.
Form 8-K filed October 11, 2019 refers
https://www.otcmarkets.com/filing/conv_pdf?id...qCTdHNVFth
This also makes it clear that it is the way the USN handled the bidding process that is the basis for the cancellation.
In my opinion, this makes use of the fast-track ID/IQ MAC process almost certain.
The contract awarded to $TMPS on April 24, 2019 - protested twice by competitor Omega - with protests denied - has now been formally cancelled.
In a letter dated October 8th, 2019, the Navy has informed Tristar that as a consequence of litigation related to the Government’s procurement of this contract the Navy is de-scoping the entire remaining effort under the contract and no further work will be performed under this contract and all existing task orders.
Form 8-K filed October 11, 2019 refers
https://www.otcmarkets.com/filing/conv_pdf?id...qCTdHNVFth
This also makes it clear that it is the way the USN handled the bidding process that is the basis for the cancellation.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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