MR. J.P. SOLDEN
1 THE CROLS-HARBOUR TUNNEL COMPANY.
19TH JULY 1967
YOUR TELEX EIGHTEENTH NOTED
WE CONFIRM
^>
TELLX-OUT
1 5 JUL 1067
WE ACCEPT REIMBURSEMENT OF EXPENDITURE ON BASIS OFFERED BY YOU PROVIDED MAXIMUM COMMITMENT DOES NOT EXCEED £35,000. ON RECEIPT OF YOUR CONFIRMATION WE WILL ARRANGE ADVANCE PAYMENT OF £10,000.
3) WE AGREE DISCUSSION TO ASSESS FAIR BASIS TO COVER ESCALATION OF LABOUR, FREIGHT INCLUDING INSURANCE, CEMENT AND QUARRY PRODUCTS PROVIDED. IT CAN BE SHOWN THAT THE NET COST OF THESE ITEMS HAS ALTERED DUE TO RECENT EVENTS HERE AND IN THE MIDDLE EAST SINCE NORMAL INCREASE PRESUMABLY ALREADY ALLOWED
(WE WOULD EMPHASIZE THAT THE COSTS OF FOR IN YOUR TENDER.
HOWEVER WE WILL NOT SOME OF THESE ITEMS MAY WELL BE LOWER). REPEAT NOT AGREE TO OPEN-ENDED COMMITMENT AS PROTECTION AND SAFEGUARDS SIMILAR TO THOSE ANTICIPATED IN OUR ENQUIRY AND SUBMITTED BY YOU IN YOUR OFFER IS ESSENTIAL TO THIS CONTRACT. AN EXACT GUDGET MUST BE DRAWN-UP AND A CEILING ON ALL EXPENDITURE
YOUR CONFIRMATIOD TO THIS ANTICIPATED, NEGOTIATED AND AGREED. FUNDAMENTAL PRINCIPLE IS REQUESTED.
C) WE ACCEPT THAT YOU SHOULD BE ABLE TO REVIEW YOUR PROGRAMME TO TAKE ACCOUNT OF AMENDED DELIVERIES SHOULD THIS BE FOUND MECESSARY.
D) WE AGREE EXTENSION SUBJECT SATISFACTORY RESOLUTION OF GUARANTEE PROBLEMS.
E) WE ACCEPT THAT THE TUNNEL COMPANY COMMITTED TO PAYMENTS UNDER (A) ABOVE SUBJECT
(1) MAXIMUM EXPENDITURE FOR PROD AND YOUR HEAD OFFICE
DOES NOT EXCEED £35,000 AND
(2)
YOUR AGREEMENT AND CONFIRMATION PRINCIPLE OUTLINED IN (8) ABOVE.
IT IS UNDERSTOOD THAT PAYMENTS MADE PRIOR TOCONTRACT WILL BE DEDUCTED FROM THE 10% DEPOSIT PAYADLE ON SIGNING CONTRACT.
WE WOULD LIKE TO KNOW TARGET DATE FOR FINALISATION CONTRACT DOCUMENTS AND OUR ENGINERS WILL BE CONTACTING YOU TO DISCUSS THIS. WE REALIZE THAT TIME TOB// TO PREPARE FINANCIAL AGREEMENT COULD DE CRITICAL TO SIGNING CONTRACT BUT WOULD ASK YOU TO IGNORE THIS FACTOR FOR TIME BEING AS WEB/// WE ARE MOST ANXIOUS WORK ON TECHNICAL ASPECTS SHOULD CINT// CONTINUE AS FAST AS IS POSSIBLE. +7.
MESSAGE ENDS.
-HOW RECD+?
TKS SO MUCH
REC.
VERY WELL DIBI
B131
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