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CoreTech agreement may be revised

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by Michele Catahay

Guam - The Government of Guam may renegotiate the contract for the Tiyan property with CoreTech International, but governor's legal counsel Ray Haddock said terms might have to be changed. The agreement was originally a ten-year agreement, which was supposed to be terminable in five years.

It was then that the Guam Legislature decided to keep the ten-year plan because it was noted in the original request for proposal. Instead of it being terminable in five years, the agreement made the contract terminable with a 180-day termination clause after the first year.

"If the school wants to continue to utilize that facility, the 180-day termination can't be there because we don't want to disrupt the kids mid semester during their education," said Haddock.  "So we have to renegotiate the lease to move that termination provision if they want to use it for an additional year."

Haddock says given the current terms, either party can terminate it any time, given the 180-day notice. With this provision, GovGuam isn't locked into the contract.

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