VEC 0.00% 1.2¢ vector resources limited

Baillieu Valuation of VEC, page-54

  1. 2,339 Posts.
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    We both know the disclaimer on tender/quotes. Even though it will take 6 months to perform the construction work the quote is “only valid for 30 days” after that it’s subject to changing the price. Today you make a forward estimate for 6 months yet in 30 days the remaining 5 months may be different?

    Why? Because you quote is nothing more than a prediction of what it will cost. A 30 day qualification is a disclaimer which allows you to change your predicted price, conditions, delivery period, etc etc.

    I think we both understand legal disclaimers are a necessity for legal reasons rather than a license to make up random BS. There is always a duty of care that obliges companies to keep it right and validate/substantiate what they report..
 
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