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in options

English translation: in "options to buy"

09:06 Jun 5, 2006
English language (monolingual) [Non-PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: in options
The whole sentence goes like this: "The contract award sum was US$ 42 million, with an additional US$ 30 millions in options that have been exercised by the employer." (The contract has been awarded to a firm to provide automatic revenue collecting system.) Please give me an explanation of the term "in options" here.
zayzon iringo
Selected answer:in "options to buy"
Explanation:
If the buyer of the original goods finds them satisfactory (usually with a specified term), he may exercise these so-called "options to buy" more of the same goods, normally at an advantageous price. The reason is that the manufacturer would probably not have to re-tool, and the production costs would be lower.

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Note added at 55 mins (2006-06-05 10:02:36 GMT)
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Sorry; should of course be (usually with*IN* a specified term)
Selected response from:

David Moore (X)
Local time: 19:22
Grading comment
Many thanks, it was a useful explanation.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +4in "options to buy"
David Moore (X)


  

Answers


16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
in "options to buy"


Explanation:
If the buyer of the original goods finds them satisfactory (usually with a specified term), he may exercise these so-called "options to buy" more of the same goods, normally at an advantageous price. The reason is that the manufacturer would probably not have to re-tool, and the production costs would be lower.

--------------------------------------------------
Note added at 55 mins (2006-06-05 10:02:36 GMT)
--------------------------------------------------

Sorry; should of course be (usually with*IN* a specified term)

David Moore (X)
Local time: 19:22
Works in field
Native speaker of: English
PRO pts in category: 26
Grading comment
Many thanks, it was a useful explanation.

Peer comments on this answer (and responses from the answerer)
agree  anastasia t (X)
1 hr
agree  Jack Doughty
2 hrs
agree  Suzan Hamer
2 hrs
agree  Alfa Trans (X)
1 day 4 hrs
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