Franck Bauguil (Leopard 45): Right now, we have Project 2020, which lines up a development plan for the next three years. The next two models that we'll develop are pretty much set in stone. But when you start looking at Model Three down the development pipeline, that can change. The time from the first product brief to a boat in the water for a test sail is 18 months. We plan not only the production per year but also the overall number. For the 45-footer, we're going to have 46 units per year. Over the life cycle of the product, which is five to six years, we're looking at 200 units. That's going to affect the price, because obviously, you have an initial investment and then you spread out your capital over the number of boats. So the more you do, technically the lower the price. In the brief, we already have a target price for the boat equipped: charter-ready, or owner-ready.
We define performance in our design brief. I don't know if the other guys do that, but we do. We define dimension. We define accommodations. But only in the broad sense: four cabins, four heads, en suite. We want the design team to start working on the boat, giving them direction, but not to be too restrictive either.