Shipbuilding contracts

Conrad awarded $28.2M contract for next YRBM

Conrad Shipyard LLC, Morgan City, La., has been awarded a $28,285,715 firm fixed-price modification to previously awarded contract (N00024-22-C-2253) for detail design and construction of one additional Yard Repair, Berthing, and Messing (YRBM) craft.

The contract action includes options that, if exercised, would bring the cumulative value of this contract to $59,856,020.

Work will be performed in Amelia, Louisiana, and is expected to be completed by March 2027. Fiscal 2024 shipbuilding and...

https://www.marinelog.com/news/conrad-awarded-28-2m-contract-for-next-yrbm/

GAO denies bid protest of Bollinger MCM UV award

Bollinger Shipyards had a significant contract win back in April when it was awarded a $13,725,953 Navy contract for the production of the Mine Countermeasures Unmanned Surface Vessel (MCM USV), engineering services and other direct costs.

If all options are exercised the contract has a potential total value of nearly $123 million.

The contract was competitively procured with three offers received, and the Navy’s selection of Bollinger did not sit well with one of the other competitors, Textron...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/gao-denies-bid-protest-of-bollinger-mcm-uv-award/

BIMCO Develops ‘Refund Guarantee’ To Tackle Legal Uncertainties

  • BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms.
  • The refund guarantee aims to provide an instrument which removes legal uncertainties.
  • Refund guarantees play a vital role in shipbuilding projects by securing the large advance payments made by the buyer during the construction of the ship.
  • The focus of our work is to draft a guarantee which will be accepted by the issuing banks, builders and buyers and thus be used as a standard...

https://mfame.guru/bimco-develops-refund-guarantee-to-tackle-legal-uncertainties/