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/

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