Tupungato

Article Highlights

Key Takeaway:

Sources say Cubic sent a letter to Transport for London concerning the agency’s award of the new revenue-collection contract; some see it as a possible challenge to the award. And Cubic Corp.’s CEO said the contract is “still in a standstill period,” possibly another sign of a challenge.

Key Data:

• Document: UK government, Guidance on the Standstill Period, Oct. 2016

Organizations Mentioned:

• TfL (London)
• Cubic
• Indra
• TfNSW (Sydney)
• Hitachi Rail
• MDT (Miami)
• TransLink (Vancouver)

Cubic Corp. Chairman and CEO Stevan Slijepcevic, when asked during a companywide “town hall” meeting for employees today about the status of the London revenue-collection contract, said that the vendor is “still in a standstill period and thus cannot legally talk about it.”

If true, it would mean Transport for London’s large operations and maintenance contract has not yet been signed, despite the agency’s finance committee awarding the contract July 14, as Mobility Payments reported. The question is, why hasn’t TfL signed the deal?

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