Post by
sumpineh on Jun 22, 2022 7:09pm
Thank you Kulewater
for posting the latest deal news.Can this contract be profitable though? As with other contracts, we are given a sales value but the profit margins are never mentioned. Would be nice to get cost-plus deals until they learn how to control expenses.Glad to see that you are still following XBC as I have always appreciated your input.
Comment by
Ciao on Jun 22, 2022 7:37pm
How many companies disclose profit margins on contracts? Obvious reasons not to, but I would think XBC's new management team knows how to put in safeguards for contingenices to maintain healthy margins.
Comment by
Hesiod07 on Jun 22, 2022 8:54pm
Agree Ciao it would be highly uncompetitive to divulge that sort of thing.
Comment by
sumpineh on Jun 22, 2022 10:31pm
Obviosly I realiize they cannot divulge that information. I mentioned it only because margins have always been their problem.I was in business for many years and understand that the important thing about winning any contract is making sure it is profitable by not underbidding. Let us hope that the new management has learned from the mistakes of the past. GLTA