Originally Posted by
rattman
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,
So that sounds like a staged contract, each part signed as the preceding one is completed,
The Frogs were 'expecting' the contract to honoured in it's entirety when that's not the case.
Also, wasn't everything in French and had to be rewritten to English, and it was appearing they were going to build more of it offshore than agreed to.