GREY:AIIFF - Post by User
Comment by
flyfishing7777on Jul 30, 2014 12:46pm
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Post# 22794687
RE:Read these posts -- remember today's market cap is 19m cdn
RE:Read these posts -- remember today's market cap is 19m cdnI realize that, but why are you referencing a 5 year old story? The worst is over imo. If they can keep this up, with more frequent large contract awards, they will recover over time.
"Funny Armtec was so good at winning the TTC Spadina bid that they were banned from bidding any other TTC work until the finished."
Being banned from bidding is a contract management issue that comes about well after the contract has been executed and in most cases completed. If they did such a horrible job, the company that awarded the business should be documenting specific reasons why they are to be banned from future bidding. If Armtec is banned from bidding with a particular company, they too should learn from this if they want to improve business relations.
There will be more details on this contract award soon I'm sure that will clear things up. Right now Armtec is in a Contract "A" situation with some so far un named company. Pretty hard for that company to turn around and select another supplier........won't happen.