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 Ask me anything abt Construction Industry!, Q&A

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SUSgsem984
post Apr 7 2016, 03:55 PM

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QUOTE(iwubpreve @ Oct 17 2014, 01:30 PM)
hey guys, u may ask me anything about construction industry and i'll try my best to answer all ur question.
biggrin.gif

Construction Industry is so complex and actually affect various party namely,

House buyer / Purchaser
Developer
Consultant (Architect, Engineer and etc)
Main Contractor
Subcontractor / Vendor / Supplier
Local Authority (DBKL, BOMBA, SYABAS, TNB, TELEKOM, POS, JKKP, IWK and etc.)

u can also ask me about construction law. I know a lot abt that too biggrin.gif
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Hello,

I signed the SnP on 11 Dec 2011, but 14 March 2016 then get the house key. developer paid me RM13k for the LAD. I am not sure it is acceptable. Can you please enlighten me?
thanks
SUSgsem984
post Apr 9 2016, 08:36 AM

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QUOTE(iwubpreve @ Apr 8 2016, 09:23 PM)
I think not ok. how much the lad per day? ur house lad plus the lad for common facilities bro.
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thanks bro for reply. I also don't know where to find out LAD per day. Is that usually mentioned in SnP?

Maintenance fee is already charged moment I got the house key, though facilities are not ready to be used. So I should claim LAD from this, too?
SUSgsem984
post Apr 9 2016, 09:44 AM

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QUOTE(iwubpreve @ Apr 9 2016, 09:33 AM)
s&p property $ x 10% x delayed days / 365 (unit handover)

s&p propery $ x 20% x 10% x delayed days / 365 (common facilities handover)

total of 2 is the amount they need to pay u.

what is the property price? and s&p date?
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thank you brother. Is that the standard calculation?

S&P property price = 261k.
delays days = (08 Dec 2011 to 17 March 2016 ) - 3 years = 365 days + 95 days = 460 days

Unit handover: 261,000 x 0.1 x 460/365 = 32893

Common facilities: 261,000 x 0.2 x 0.1 x 460/365 = 6578

Total = 32893 + 6578 = 39471

Is this the amount they should pay me?? They only paid me 13k now.
Is there a source of your calculation above?
SUSgsem984
post Apr 9 2016, 12:04 PM

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QUOTE(iwubpreve @ Apr 9 2016, 12:02 PM)
yes. correct. the source from ur s&p agreement. standard s&p agreement bro. u can check ur document. usually developer will give u lesser amount to settle but u can get this.
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Thanks brother. It is helpful.

By the way, do you know why the developer so celaka always want to pay lesser to us? Hoping for sohai to accept it?
SUSgsem984
post Apr 9 2016, 07:50 PM

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QUOTE(iwubpreve @ Apr 9 2016, 04:30 PM)
pay less ma. ask u to do the settlement. anyway is there any community for ur condo purchaser? they should have also discuss the same thing. those who don't know and accept the less amount then developer loss less lo sweat.gif
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Well, i must say the law is not on the purchaser side. Instead of saying purchaser is entitled to, it shld make developer pay up automatically when delay happens.
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