Kromolin‑3 Open Hole Imaging — closeout report
Delivered to Geofizyka Toruń in Q3 2024. Final margin 19.2%. Two change orders accepted; tool string availability flagged as primary delivery risk.
Institutional memory
2,499 indexed artefacts across 14 business units · graph last refreshed 14 min ago
Delivered to Geofizyka Toruń in Q3 2024. Final margin 19.2%. Two change orders accepted; tool string availability flagged as primary delivery risk.
Treasury policy requires hedge cover above £500K PLN settlement value. Three projects in 2024 missed margin targets due to unhedged FX.
Pattern across 14 exploration RFQs shows mean 18.6% scope expansion post‑award. Change‑order ceiling clauses reduce margin erosion by ~3.1pp.
On‑time delivery 94% trailing 12 months. Two quality non‑conformances in Q1 2026 related to refrigerated container handling.
Standard terms favour milestone‑linked payments. Legal historically pushes back on liability caps below 2x contract value.
Declined due to combined supplier lead‑time and margin floor breach. Customer awarded to incumbent; subsequently descoped twice.