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11/4/2006 3:25:27 PM
 
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Section 5: OPA Board Subject: OC Today Story Msg# 385006
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would think that we would owe no more than the $3.1 million amount (I think) for the Blades contract. Why would OPA be required to pay Blades the full contract amount under any circumstances except if the building is complete? Any materials ordered aside, if Blades claimed to anticipate 20% profit, why would OPA be responsible for more than $600,000? Certainly there may be risks in cancellation, but the risk is NOT the full contract amount. What judge would order OPA to pay a contractor the full $3.1 million if nothing was built? The idea seems patently absurd, and it is. |
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For reference, the above message is a reply to a message where: Marty, Unless we have signed contracts with other vendors, I would think that we would owe no more than the $3.1 million amount (I think) for the Blades contract. It could be a lot less unless Blades has ordered materials for which they are responsible to pay that party. Tony |
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