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I’m a numbers guy - can you fill in the blanks on what 1yr vs 3yr contract costs are, and what’s in the bank now vs what’s expected when folks pay this years port fees? I’m sure it’s a no brainer to go with the 3year option, but having actual numbers to back it up are helpful here :) Also, with the order split scenario, when would they expect payments? Thanks! — Andrew Hoyos [log in to unmask] > On Feb 1, 2018, at 6:51 PM, Richard Laager <[log in to unmask]> wrote: > > MICE is responsible for the on-going support contract costs for the main > Arista switch. This was factored into the design of the port fees. > > We have received quotes from Arista. As is customary, the three-year > price is cheaper per year than the one-year price. The savings is > non-trivial, especially relative to our annual revenue, so I think it > would be wise to purchase the three-year contract. > > The three-year contract cost is more than our current cash balance. > After we collect this year's port fees, we will be able to cover it > while keeping a reasonable reserve. However, we need to do something > sooner, as it needs to be renewed this month. Fortunately, Arista has > offered to let us split the order in two halves to avoid us drawing the > bank balance too close to zero. > > Does the membership have any input they'd like to provide the board in > this matter? > > -- > Richard