United Kingdom · Question · Written question
UIN 10193
Defence: Procurement
Original
Introduced
4 June 2021
Last action
9 June 2021 · Answer
Status
Answered
Sponsors
—
Subjects
Defence
Source updated
9 June 2021
Summary
To ask the Secretary of State for Defence, when assessing capital adequacy for US-based contracts, whether the decision to advance payment is based upon an examination of the finances of the US-listed company or its UK subsidiary.
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Timeline
4 June 2021
Written question
To ask the Secretary of State for Defence, when assessing capital adequacy for US-based contracts, whether the decision to advance payment is based upon an examination of the finances of the US-listed company or its UK subsidiary.
Source: Commons
9 June 2021
Answer
The Ministry of Defence (MOD) assesses the economic and financial standing of companies bidding for MOD work (including US listed companies and their UK based subsidiaries) to ensure they have sufficient financial stability to deliver any resulting contra...
Source: Written answer
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Sponsors
- · Ministry of Defence · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2021-06-04/10193
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1329784
- uk · wq-1329784 · source updated 9 June 2021