You work for a telecommunications company and you have been appointed to a high priority project which will extend the mobile coverage in Northern Territory. One of the key deliverables of the project is to install 50 highly customized antennas, which are special order and must be produced as per the unique design provided by your Design department. After consulting the Procurement department, you found out that you may procure antennas from only one supplier that won the bid of any special orders of your company for the next 5 years.

At the end of month 13^th the seller reports 95% completion on deliverable. You check your baseline and the planned value at the end of the period is $4,512,000. You calculated the CV at the end of the period and the result is negative. How is the performance of the supplier?

Under budget, behind schedule

On time, on budget

On time, over budget

Over budget