Originally Posted by
Davef68
How much metal has been cut on the now-cancelled subs? Or is it all just been prep work?
The contract was 2 parts, one was the design and then a construction contract based on the final design. The construction contract has not been signed because there was no detailed design yet
The were to be paid 600 million for the phase 1 contract that covered the design. That was broken into sub phases, a basic design and the detailed design for construction. If australia cancelled the contract after the basic design, NG get 200 mill for contract cancellation, if after detailed design they get 400 million,