Case: Death by Government Contract Averted

Situation: Company was suffering financially due to a large contract with a government agency that was producing negative Operating Income. Normally, any change in reimbursement would necessitate reopening the contract to a competitive bid.

Resolution: Veltri entered into successful negotiations and demonstrated to the agency that only this company’s organization was structured and equipped to carry out the terms of the contract. The requirements of the contract were eased, the reimbursement increased to produce positive seven figure Operating Income and the term extended without bid for an additional thirty months.