Word: bids
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...years on, though, the project is already three years behind schedule and $2 billion over the initial $4.2 billion budget, which has led to arbitration and other legal wranglings. Analysts say many of the problems stem from Areva's impossibly low bid. The troubles in Finland probably contributed to German engineering giant Siemens' January decision to pull out of its eight-year partnership with Areva...
...whom the U.S. should expect little support on the issue is Pakistan. Ostensibly Washington's key ally in the troubled region, Pakistan also maintains a longtime (if sometimes fraught) friendship with Tehran. And as President Asif Ali Zardari's government moves to strengthen ties with its neighbor in a bid to enhance Pakistan's economic prospects, Islamabad is keen to sit out the nuclear dispute. While Pakistan insists that it is not actively encouraging Iran to join it in the élite club of nuclear-weapons states, officials in Islamabad appear decidedly untroubled by developments across its southwestern border...
...Large, industrial companies in Europe that pollute beyond acceptable levels have to pay up for the permission to do so, for instance; under plans approved by the House of Representatives in June and currently with the Senate, U.S. firms could be required to do the same. But in its bid to meet ambitious targets on greenhouse gas reductions, Europe looks set to try taxing emitters. The French plan, says Christian Egenhofer, head of the energy and climate program at the Brussels-based Centre for European Policy Studies, is just "the first salvo." (See pictures of ways to boost energy efficiency...
...complaint Sauer filed in federal court in Washington, D.C., at almost every step of the way he ran into interference from senior company executives. They allegedly told him he just had to put a "good face" on the project, acknowledging that the company had put in an unrealistically low bid in order to win the coveted $187 million contract. Sauer said he was told he would just have to "make do" so that ArmorGroup International, based in London, could still manage to squeeze a profit from the operation. (See pictures of battles in Afghanistan...
...largest security company in the world. G4S also bought ArmorGroup's rival, Wackenhut, which now runs ArmorGroup in the new conglomerate. Before they found themselves under the same big tent, Wackenhut and ArmorGroup had competed for the U.S. embassy contract, which ArmorGroup won with a substantially lower bid. Now, Wackenhut has found itself managing the Kabul embassy contract anyway. In June, Wackenhut vice president Samuel Brinkley admitted to Congress, "We feel we can safely say that adequate guard services for the Kabul embassy cannot be provided for the contract price." Instead of making a profit, he said, the firm...