Thread: Coronavirus
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Old 28-01-2021, 12:38   #3137
jfman
Architect of Ideas
 
Join Date: Dec 2004
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Re: Coronavirus

Quote:
Originally Posted by nomadking View Post
Penalities? You're making it up as you go along, aren't you.
If you sign a contract with X saying you will deliver by a certain date, Y cannot come along and say "our delivery that is due 7 months later, comes first".
May 2020.


As the AZ vaccine is supplied at cost, the EU placing an order back in May would seem a bit of a no-brainer, but they didn't do it. Nothing else was likely to be cheaper.
I don’t know what’s in the contracts - so to that end I’ve no alternative but to hypothesise or “make things up” as you put it.

If company A has two orders, to supply company B by a given date and company C by a later date. However failure to supply company B doesn’t incur penalties “sorry lads, we tried our best” and company C incurs penalties for failure to meet the demand then it’s highly likely that company A as a rational actor in a capitalist marketplace would prioritise company C.

Who placed what order, when, is unlikely to feature in the consideration except in terms of reputational risk. I, obviously, don’t know what’s in the contracts but the detail will be very important in the next steps for AZ.
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