Tag Archives: third extension option

Third extension option offered by VLCIA to CCA for private prison?

Update: Andrea Schruijer’s answer of 21 February 2012.

Also in

her recent response about the Notice to Proceed (NTP)
,
VLCIA Executive Director Andrea Schruijer
she didn’t mention this paragraph:

5.1.2. Expiration. If the Company has not issued the NTP by the expiration
of the Term of the Option Agreement, then this Agreement shall expire
and terminate, without any further liability on the part of any Party
to the other, except as otherwise expressly provided in this Agreement.

The current, second, extension term

expires 13 March 2012,



one month from Monday.
If there’s no NTP and no third extension before then, there’s no private prison
(see 5.1.2).

So has VLCIA sent CCA

terms for a third extension option?

If not, this thing may be over in a month and a few days.
If yes, what are those terms?

-jsq