General Electric's (GE) protracted European panel review has reached its final stages. The review is aiming to cut the number of firms on the panel from 270 down to just 80. Both the successful and unsuccessful tendering firms have been notified of GE's decision, although the company is still in talks with 20 out of the 80 successful outfits over differences in expectations of costs.All firms on the outgoing panel were invited to tender, with no invitations extended to any non-panel firms. The review will be completed in the next two to three weeks.
April 29, 2009 at 10:15 AM
1 minute read
The original version of this story was published on Legalweek
General Electric’s (GE) protracted European panel review has reached its final stages.
The review is aiming to cut the number of firms on the panel from 270 down to just 80. Both the successful and unsuccessful tendering firms have been notified of GE’s decision, although the company is still in talks with 20 out of the 80 successful outfits over differences in expectations of costs.
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