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Cubic Contends It was Low Bidder and should have Won London Contract; Claims Unfair Treatment, Possible Conflict of Interest as Details of Lawsuit Emerge

by Dan BalabanPosted on Posted in Closed LoopTagged ,
London Buses
Cubic Transportation Systems contends that it submitted a lower bid than rival Indra Systems for Transport for London’s revenue-collection contract and says it should have won the contract but alleges it was treated unfairly in the competition for the...

Tip Sheet: Cubic Believed to be Sole Vendor in Running for Sydney Deal; TfL: Revenue-Collection Procurement Not Over Yet; Madrid Seeks ABT System

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Latest Intelligence on Sydney, London and Madrid procurements. Have a tip for the Tip Sheet? Write to contact@mobility-payments.com It’s looking more and more likely that Cubic Transportation Systems is the sole supplier still in the running for Transport...

Cubic Execs Seek to Calm Worries among Agencies and Employees as Its Poor Showing in London and Lawsuit against TfL Sink in

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Less than a week after the stunning disclosure by Cubic that it had filed a lawsuit against Transport for London seeking to challenge the loss of the agency’s coveted revenue-collection contract, executives are trying to allay concerns among other transport...

Breaking: Cubic Transportation Systems Files Legal Challenge to Transport for London Decision on Revenue-Collection Contract Award

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Cubic Transportation Systems president Peter Montgomery-Torrellas told employees today that the vendor was legally challenging the decision last month by Transport for London on award of its lucrative revenue-collection contract. While Montgomery-Torrellas...

Is Cubic Challenging London Decision? Sources Say Vendor Sent ‘Letter’ to TfL about Contract Award; CEO Today Said Contract ‘Still in a Standstill Period’

by Dan BalabanPosted on Posted in Closed LoopTagged
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...

Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

by Dan BalabanPosted on Posted in Closed LoopTagged ,
Transport for London’s finance committee approved the agency’s new revenue-collection contract earlier this week, but the agency declines to say who won, promising only that the winning vendor will be announced “in due course.” As Mobility Payments...
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