05-28-2016, 11:01 PM
(05-28-2016, 05:31 PM)Pheidippides Wrote: First, I have seen in various articles that the maximum penalty Bombardier is liable for is $3.3 million. My question is, is that per LRV or total for all 14? Capping it $3.3 million total seems like a pretty modest incentive. I think based on the revised, revised, schedule they would owe nearly $5 million without a cap:
Your calculation assumes that the penalties kick in the day after the originally projected delivery date. We haven't seen the contract, so we don't know whether this is actually the case.