2.33 In the spring of 2001 ICL informed the Department that it was in financial difficulties with the contract even at the price renegotiated a year before. In September 2001, ICL produced a new financial model, which indicated a maximum potential loss on the project, if it continued to 2013, of £200 million. ICL said that its parent company, Fujitsu, would repudiate the contract unless the Department negotiated to cover the loss. It gave two deadlines: 30 September for a legally binding commitment to renegotiate and 31 January 2002 to complete the deal. These deadlines related to the company's accounting periods. As in the case of the first renegotiation, the maximum liability for ICL walking away was lower than the loss it was forecasting.