I would agree with you that collecting fees from SOEs is no fun, though in this particular case I would think that BOCOG is big enough that China would never live down the humiliation that an int’l firm went public that the BOCOG didnt pay its bills.

I would also hope that MoFo could use BOCOG as a springboard for greater work, though it may also have that adverse effect of leaving the office with no other business when the client expires. If the marketing team is on top of things, then hopefully it will end up being a positive investment on MoFo’s part. Should be interesting to see how it actually turns out.

Tom

I have to wonder, though, given the challenges professional service firms of all stripes face when working with governmental agencies, quasi-governmental organizations (like BOCOG), and SOEs face actually getting paid for their work if MoFo is facing any challenges in that direction.

And you always have to worry when you work for a client whose very existence has an expiration date…