Reach Subsea Scores Several New Contracts

“Norwegian offshore services player Reach Subsea has entered into various contracts and call offs under frame agreements, taking its backlog to around 1,550 project days, of which some 1,250 project days are for execution this year, up from 1,100 days announced earlier. The Oslo listed firm said the,” reports Adis Ajdin in Splash 247.

“Contracts cover both oil and gas and renewables projects and indicate good utilisation for the third quarter to build upon for the 2021/22 winter season. In addition, Reach has entered into a letter of intent with an undisclosed client for mobilisation of one ROV on a new subsea vessel towards a two-year firm contract, which would add.”

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Brooklyn Luxury Contracts on the Rise After July Slowdown

“After a slow July, Brooklyn luxury contract signings are on the rise again. Twenty five contracts for homes asking $2 million or more were signed in the borough last week, a boost from the previous week’s 15 contracts, according to Compass weekly report. It’s the most luxury contracts signed since the,” reports Cordilia James in The Real Deal.

“The asking prices of those contracts totaled $82 million, a jump from the $49.5 million the week before. Buyers inked deals for 13 townhouses and 12 condominiums. The median asking price for those contracts was $2.6 million, with an average price per square foot of $1,263. Topping the list was a 6,500-square foot Boerum Hill Townhouse.”

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Liverpool Goalkeeper Alisson Extends Anfield Stay with New Six-Year Contract

“Alisson has become the latest Liverpool player to sign a new long term contract with the club after extending his stay until 2027. Liverpool’s first choice goalkeeper, widely recognised as one of the finest in the world, signed a new six-year deal on Wednesday at the club’s pre season training camp,” reports Andy Hunter in The Guardian.

“He follows Trent Alexander Arnold and Fabinho, who in recent days have signed new four and five year contracts respectively, in committing his long-term future to Jürgen Klopp’s side. Alisson, signed for £65m from Roma in 2018, said I think I didn’t waste too much time to think about that. It’s something we just built in those last.

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Water Authority’s Confidential Consultant Contracts Surprised Board

“The San Diego County Water Authority is building a team of consultants but won’t explain the work they’re doing, even to its own board of directors. The Water Authority spent $167,000 on two consultant contracts since July 2019 without disclosing them to the board, which is composed of representatives from the region’s 24 water agencies. It also won’t say what a third contract that was approved by the,” reports Mackenzie Elmer in Voice Of San Diego.

“Board members’ dissatisfaction with the secrecy of the contracts some which were entered into under a rule that allows the general manager to execute contracts below $150,000 without board approval boiled over in a board meeting. One board member argued that a consultant was lobbying against her water district’s interests, and another couldn’t believe the board wasn’t alerted to the work the consultants were doing.

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Noble Secures New Drilling Contracts

“Noble Corporation has secured new contracts for its drilling units, offshore driller’s president and CEO Robert W. Eifler revealed in Q2 2021 financial update. The company, which retired two of its stacked drillships during the second quarter, has already signed three contracts for legacy Pacific Drilling,” reports Adis Ajdin in Splash 247.

“In addition to the earlier reported one-well contract with Houston-based Enven, the 2013-built drillship Pacific Khamsin has secured a new contract with Murphy Oil in the US Gulf of Mexico for an estimated 83 days to begin in November 2021. Murphy is reportedly paying $230,000 per day. The 2011-built drillship Pacific Santa Ana.

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TTS Awards 4 Contracts for Governmentwide Agile Services

“The General Services Administration’s Technology Transformation Services awarded blanket purchase agreements BPAs to four tech companies to streamline governmentwide procurement of agile development and IT support services. Together the BPAs comprise the TTS Organization’s Transformation Agile Lifecycle Total and allow TTS to issue task orders on behalf of other agencies,” reports Dave Nyczepir in their Fed Scoop.

“Total is part of a federal push to accelerate digital transformation through shared services at the same time the Technology Modernization Fund prioritizes investments in cybersecurity and IT modernization. Outside GSA, TTS will be able to rapidly implement contracts for Agile Delivery at the speed of need, said Greg Godbout, director of digital services and business development at Fearless, which won one of the BPAs on July 15.”

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Lightning Sign Andrej Sustr, Six Others to Two-Way Contracts

“The Lightning added their organizational depth with six signings Wednesday afternoon. Tampa Bay is bringing back a familiar face in ex defenseman Andrej Sustr, in addition to forwards Gabriel Dumont, Charles Hudon and Remi Elie defenseman Darren Raddysh the brother of forward Taylor Raddysh and goaltender Maxime Lagace. All will be on one year, two way contracts,” reports Mari Faiello in their Tampa Bay Times.

“Sustr, 30, played for the KHL’s Kunlun Red Star this past year, with five assists in 41 games. He played the first six years of his NHL career which began in 2012-13 with the Lightning, accumulating 10 goals and 53 assists. He signed with Anaheim as a free agent in 2018. Raddysh skated in 24 games for the Hartford Wolf Pack as the team’s captain this past season, recording two goals and 15 points.”

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Why Contracts for Difference Are Back Under Scrutiny

“Contracts for difference, or CFDs, have hastened the demise of an Irish bank, triggered alleged Ponzi schemes in Chile, featured in a $100 million U.S. insider-trading racket and seen echoes of their use in the implosion of Archegos Capital Management. They’ve also spooked regulators,” reports Donal Griffin in their bloomberg Quint.

“because of the risks they pose to retail investors, sparking tighter rules in the U.K. and European Union. But new regulations didn’t stop amateur traders flocking to CFDs in 2020 as a result of volatility during the pandemic, and again in 2021 as part of a surge in retail interest in global markets.”

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Pay Training Contract and Qualifying Work Experience Trainees the Same, Law Society Tells Firms

“Law firms should not use the introduction of the Solicitors Qualifying Exam (SQE) as an opportunity to pay trainees less, the Law Society has warned. The Chancery Lane body stressed that providers of training contracts and qualifying work experience (QWE) should pay lawyer hopefuls at least £20,217 outside London and £22,794 in the capital,” reports Legal Cheek in their blog.

“While most readers will be familiar with the traditional TC, many will perhaps be less familiar with QWE. This is part of the changes brought in under the SQE and offers a more flexible approach to on-the-job training, with trainees able to complete their two-year work experience requirement with up to four different legal employers.”

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Scotch Creek Ventures Inc. Contracts Geophysics Program for the Macallan and Highlands West Projects, in Clayton Valley, USA

“Scotch Creek Ventures Inc. (the “Company”) (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) (“Scotch Creek” or the “Company”) is pleased to announce that it has retained Hasbrouck Geophysics Inc. (“Hasbrouck”) to commence work on its two Clayton Valley lithium brine projects. Hasbrouck will commence with a detailed HSAMT survey and the results from this survey will aid in identifying and selecting potential future drill targets,” reports Yahoo Finance in their blog.

“The geophysical exploration program will consist of Hybrid-Source Audio-Magnetotellurics (HSAMT) where data will be acquired at intervals of 500 meters along four lines within each claim block with a nominal total of 31 and 41 stations within the Macallan and Highlands claims.”

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Agent Files Suit Against Raptors Coach Nick Nurse, Seeking Commission for Contract Extension

“A prominent agent who represents NBA coaches and executives has filed a civil lawsuit against Toronto Raptors coach Nick Nurse for breach of contract and seeks financial relief,” reports Jeff Zillgitt in USA Today.

“Warren LeGarie — who represents several NBA head coaches, assistant coaches and front-office executives — said in his claim, “Defendant Nurse failed to do certain things required by the representation contract.”

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Four NC State Draftees Set to Sign Pro Baseball Contracts

“NC State had eight players taken in the MLB Draft earlier in the week, and already half of them have indicated that they are going to sign professional contracts. This is not a surprising development. Centerfielder Tyler McDonough, a third-round pick of the Red Sox, was the first to agree to terms—he’ll get the full slot bonus due the No. 75 overall selection, which is $831,100. Pretty good chunk of change,” reports Steven Muma in SB Nation.

“This afternoon, Inside Pack Sports reported that both left fielder Jonny Butler and pitcher Reid Johnston intend to sign. Butler was a 14th-round selection by the A’s, while Johnston went to Cleveland in the 19th. Neither one would be likely to improve their bonus offers by returning for one more season at NC State. Additionally, Pack The Bases reported Wednesday that Evan Justice will be signing with the Rockies.”

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ROI in Risk-Based Contracts Requires Data and Analytics

“Summit Health has seven commercial and Medicare risk-based contracts covering more than 165,000 lives. How those responsible for managing the contracts have gotten a return on investment out of an accountable care model that requires considerable investment is the focus of the HIMSS21 session, Building ACO Analytics Identify Opportunities, Measurement and ROI,” reports Susan Morse in Healthcare Finance.

“Data and analytics is needed before decisions can be made on investment in specific cost-reduction and care quality programs. Our analytics capabilities helped us make data-driven decisions about where to expand or reduce program investments,” said Dr. Ashish D. Parikh, chief quality Officer at Summit Health. For instance, analytics helped the Summit Health team evaluate its transitional care management program.”

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Brooklyn Luxury Contracts Decline for Fifth Straight Week

“Luxury sales continue to tumble in Brooklyn. Only 21 contracts for homes asking $2 million or more were signed in Brooklyn last week, down from 23 the week prior and continuing a week-to-week decline that has endured since the beginning of June, according to Compass’s weekly reports. Of the deals signed from July 6-11, 10 were for townhouses, eight were for condominiums and three were for co-ops,” reports Cordilia James in The Real Deal.

“The asking prices of those contracts totaled $62 million, down from the previous week’s $73 million. The top two contracts were neck-and-neck in terms of price, with only $4,000 separating them. Topping the list was a $4 million Brooklyn Heights co-op at 200 Hicks Street. The unit features three bedrooms, two bathrooms and a 781-square-foot wraparound terrace.”

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Brooklyn Contracts Cool as Summer Heats Up

“As the summer heat raged, Brooklyn contract signings cooled last week. Twenty-three contracts for homes worth $2 million or more were inked from June 28 to July 5, down from the 30 deals signed the previous week, according to Compass’s weekly report. Ten were for condos, nine were for townhouses,” reports Cordilia James in The Real Deal.

“The asking prices of those contracts totaled $72.8 million, down from the $96 million total of the previous week. The most expensive contract signed was for a 3,068-square-foot Front & York penthouse at 85 Jay Street. The Dumbo condo was last listed at $7.85 million, or $2,559 per square foot, and has four bedrooms.”

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Amtrak Contracts With Siemens Mobility for Hybrid Trains

“Amtrak announced Wednesday that it would award a $3.4 billion contract to Sacramento-based Siemens Mobility to manufacture its latest line of energy-efficient trains. This contract is the largest ever for the North American branch of Siemens Mobility, which has been headquartered in Sacramento for the past 30 years. Beginning in 2024, the company will provide 73 new trains to Amtrak,” reports Amelia Davidson in Governing.

“The trains will operate primarily along the Northeast Corridor line, which currently features trains built up to 50 years ago. Amtrak CEO Bill Flynn pointed to the partnership as an important way to make trains more sustainable while also creating jobs and manufacturing opportunities in America. These new trains, some of which will be our first hybrid battery operations in the United States, will transform the way Americans travel.”

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Evansville Board Approves Contracts for Internet Hotspots

“Contracts for five public WiFi hotspots around Evansville are now approved after the Board of Public Works met Thursday. This project was started by the city of Evansville’s Department of Metropolitan Development. After last year’s census, officials realized how many people in the city don’t have consistent access to the internet. The Board of Public Works approved contracts between the city,” reports Robinson Miles in 14 News.

“Low self response rates in the census helped the city identify areas where a lot of people don’t have internet access. They then picked locations that would serve those areas. The Department of Metropolitan Development hopes that people take advantage of them. I would hope that the reception would be positive, and that people will use it, Director of Metropolitan Development Kelley Coures said. It’s there, it’s free.”

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A Look Back at the Royals Lifetime Contracts

“Today is Bobby Bonilla Day, when the Mets issue a $1.19 million check to their former slugger, even though he hasn’t played for them in 26 years. Bonilla will receive this annual payment through 2035 because he agreed to defer the remainder of the $5.9 million owed to him in 2000 at an interest rate of 8 percent. At the time, the Mets wanted to free up money to pay other big-salaried players like Mike Hampton and Derek Bell, who helped them win the pennant that year,” reports Max Rieper in their SB Nation.

“Some criticize Bonilla for getting money for doing nothing, but the fact is that was money owed to him, and no one forced the Mets to offer him this deal. Freeing up that money did allow the Mets to make a serious run at a pennant. And it was hardly the worst deferred deal from that era. The Braves are still paying Hall of Fame reliever Bruce Sutter – who retired in 1988, Bonilla’s third year in the league $1.12 million each year through 2022.”

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Maine PUC Awards Contracts for Solar, Wind Projects

“The Maine Public Utilities Commission this week awarded contracts for six new solar-power projects and an existing wind-power project in the state’s second renewable energy procurement, required under a 2019 law. This week’s announcement comes after 17 renewable projects were chosen in the first procurement under the statute last September,” reports Maine Biz in their blog.

“The full list of projects approved this week can be found here. Winning bidders include New York City-based C2 Energy Capital LLC, Helix Maine Wind Development LLC and a host of others. Bidders estimate the projects will reduce greenhouse gas emissions by around 260,000 tons per year.”

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Five Bad Contracts for the Chicago Blackhawks to Look at Acquiring

“The Chicago Blackhawks utilized their cap space well last season when the team acquired Brett Connolly from the Florida Panthers. However, the team used his contract as leverage to acquire former 1st round pick Henrik Borgstrom in the deal as well. With the Blackhawks still have ample cap space they could look to acquire another bad contract or two along with some additional assets,” reports Jake Wheeler in Black Hawk Up.

“First, is Tyler Johnson from the Tampa Bay Lightning. Tampa currently sits about $5 million over the salary cap, with several players still needing to be signed. Johnson has been relegated to a 4th line role the last season or two as his point totals, and play in general, have dropped off dramatically. Due to his reduced role and how Johnson’s contract pays him $5 million over the next three years, means Tampa simply cannot afford him anymore.”

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