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United Kingdom · Question · Written question

UIN 10193

Defence: Procurement

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

4 June 2021

Last action

9 June 2021 · Answer

Status

Answered

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Subjects

Defence

Source updated

9 June 2021

Defence

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

  1. 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

  2. 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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