Chair asks penalty amount
Won asks how the penalty is calculated and whether it is a percentage of contract sum. Harry says he will share the rules and contract language, noting the penalty can scale with severity and lack of participation.
And for the penalty, is it a percentage of the contract sum?
What is the penalty amount?
And how is it calculated?
That's a good question.
I'll have to share.
We can share the rules and the contract language for that exact amount.
But it is a, there's a certain dollar amount and it can scale up depending on the severity and the value and the lack of participation by the vendor.
We don't want it to just be a cost of doing business, right?
We want it to make sure that people are...
Yep.
Okay, great.
This all sounds good.