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CUB » Topics » Failure to perform by one of our subcontractors could materially and adversely affect our prime contract performance and our ability to obtain future business.This excerpt taken from the CUB 10-K filed Dec 6, 2007. Failure to perform by one of our subcontractors could materially and adversely affect our prime contract performance and our ability to obtain future business.
Our performance of contracts may involve subcontractors, upon which we rely to deliver the products to our customers. We may have disputes with subcontractors. A failure by a subcontractor to satisfactorily deliver products or services may adversely affect our ability to perform our obligations as a prime contractor. Any subcontractor performance deficiencies could result in the customer terminating our contract for default, which could expose us to liability for excess costs of reprocurement by the customer and have a material adverse effect on our ability to compete for other contracts.
This excerpt taken from the CUB 10-K filed Dec 7, 2006. Failure to perform by one of our subcontractors could materially and adversely affect our prime contract performance and our ability to obtain future business. Our performance of contracts may involve subcontractors, upon which we rely to deliver the products to our customers. We may have disputes with subcontractors. A failure by a subcontractor to satisfactorily deliver products or services may adversely affect our ability to perform our obligations as a prime contractor. Any subcontractor performance deficiencies could result in the customer terminating our contract for default, which could expose us to liability for excess costs of reprocurement by the customer and have a material adverse effect on our ability to compete for other contracts. This excerpt taken from the CUB 10-K filed Dec 14, 2005. Failure to perform by one of our subcontractors could materially and adversely affect our prime contract performance and our ability to obtain future business.
Our performance of contracts may involve subcontracts, upon which we rely to deliver the products to our customers. We may have disputes with subcontractors. A failure by a subcontractor to satisfactorily deliver products or services may adversely affect our ability to perform our obligations as a prime contractor. Any subcontractor performance deficiencies could result in the customer terminating our contract for default, which could expose us to liability for excess costs of reprocurement by the customer and have a material adverse effect on our ability to compete for other contracts.
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