WEDC » Topics » The competitive bid process for government contracts may negatively affect us.

These excerpts taken from the WEDC 10-K filed Dec 11, 2008.
The competitive bid process for government contracts may negatively affect us.
 
We have in the past and will likely in the future attempt to obtain U.S. government contracts and subcontracts through the process of competitive bidding. The competitive bid process typically requires us to estimate costs and the timing for completion of projects. If we do not accurately estimate the costs associated with a given project our profitability may be negatively affected or we could potentially even lose money. If we do not accurately estimate the timing required to complete a project we may be penalized monetarily or our reputation may be impaired. In addition, the competitive bid process often requires substantial and focused allocation of resources, including management’s time, with no guarantee of success or award of the contract. Ultimately, our sales and profits


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connected to competitive bidding on U.S. government contracts and subcontracts are unpredictable and are subject to many factors that are beyond our control, as well as trends and events that are difficult to predict.
 
The
competitive bid process for government contracts may negatively
affect us.



 



We have in the past and will likely in the future attempt to
obtain U.S. government contracts and subcontracts through
the process of competitive bidding. The competitive bid process
typically requires us to estimate costs and the timing for
completion of projects. If we do not accurately estimate the
costs associated with a given project our profitability may be
negatively affected or we could potentially even lose money. If
we do not accurately estimate the timing required to complete a
project we may be penalized monetarily or our reputation may be
impaired. In addition, the competitive bid process often
requires substantial and focused allocation of resources,
including management’s time, with no guarantee of success
or award of the contract. Ultimately, our sales and profits





10





Table of Contents






connected to competitive bidding on U.S. government
contracts and subcontracts are unpredictable and are subject to
many factors that are beyond our control, as well as trends and
events that are difficult to predict.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 11, 2008
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