The latest news on the EUROCOPTERS is that the deal will be deferred untill the economy improves and that could be about 2 years time if all the financial measures being implemented on a global basis take hold.
According to this malaysiakini article Billion-ringgit chopper deal 'put off' , the deal is now worth RM1.6bil and not the RM2.3bil that was earlier reported.
Now according to the first MINDEF statement, the EUROCOPTERS were supposed to cost RM1.1bil as per tender offered.
If the price is now RM1.6bil, that represents an increase of RM500mil or almost 45% extra over the tendered contract.
The PAC should examine the whole procedure on how the specs were so haphazardly drawn up that we can have so much extras even before the purchase order is placed. If the variation is less than 5% it would be reasonable if you now opt for some additional features.
But 45% indicates serious flaws in the tender.
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