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 Construction companies going to tutup due to MCO

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TiramisuCoffee
post Apr 8 2020, 11:52 AM

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QUOTE(Liamness @ Apr 8 2020, 11:35 AM)
Make no mistake, alot of the construction companies including sub-cons, are going to suffer & even be wiped out due to the MCO.

All construction work can't jalan due to MCO, afterwards, alot will die due to late delivery charges. No company in the world can survive the late delivery charges in construction projects. It's built that way, so those companies that cause delay of the project will have to tutup kedai..

The government better have a plan for those construction firms affected by this bloody MCO, otherwise alot will go bust and tutup kedai, forcing thousands of thousands of workers to go unemployed.

The ones that untung from this mess are the lawyers (sue here, sue there). and the developers & new home owners that sign SPA. They will untung because can claim late delivery charge.
*
So many Indon ady balik b4 MCO.

Also sure got disruption in raw material with almost whole world close down. sweat.gif Manufacturing is next 2 kena hit. Soon online nothing 2 sell...
bearbearwong
post Apr 8 2020, 11:52 AM

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QUOTE(Liamness @ Apr 8 2020, 11:35 AM)
Make no mistake, alot of the construction companies including sub-cons, are going to suffer & even be wiped out due to the MCO.

All construction work can't jalan due to MCO, afterwards, alot will die due to late delivery charges. No company in the world can survive the late delivery charges in construction projects. It's built that way, so those companies that cause delay of the project will have to tutup kedai..

The government better have a plan for those construction firms affected by this bloody MCO, otherwise alot will go bust and tutup kedai, forcing thousands of thousands of workers to go unemployed.

The ones that untung from this mess are the lawyers (sue here, sue there). and the developers & new home owners that sign SPA. They will untung because can claim late delivery charge.
*
agreed.. the constructions lines are not doing good all this while..

the main con, sub cons, suppliers, and foreign labours will suffer...

the constructions tycoon are mostly top 50 richest in Msia, why worried, if they honour the payments and stop constructions, can survive one...

Court/government must prepare to lift the corporate veil to make these companies accountable for debts then ok lor

sue here, sue there, but no monies received also useless... most companies are subsidiary... worse case scenario just close it down
ye0073
post Apr 8 2020, 11:53 AM

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So property price will decrease?
prophetjul
post Apr 8 2020, 11:53 AM

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QUOTE(Liamness @ Apr 8 2020, 11:48 AM)
We shall see.. If the deadline is 12 months - 24 months away still from delivery once the MCO ends, I doubt any company can invoke the Force Majeure clause.
*
Courts can. Deadline means nothing. As long as your original schedule has been affected by this, you are allowed to claim for EOT.
Ansonlow
post Apr 8 2020, 11:53 AM

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Be prepare also the will be no music related event for the whole 2020 such as concert. Those singers will be affected much also since nowadays wlthey are relying more on ambassador and live show invitation, royalty from album sales long long ago already as side income
Sales of the property will drop as well, if u have extra money.... Best time to buy property at lowest price after the drop
SUSdemamkuning
post Apr 8 2020, 11:54 AM

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Only incompetent ones will die.

My father in law and my dad's company still survive je. Both construction.

their clients are mostly local celebs so no issue there.
Malaysian Psycho
post Apr 8 2020, 11:54 AM

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QUOTE(posmaster @ Apr 8 2020, 11:41 AM)
Tourism company to go 1st before anything.....
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My friend just finished his tour guide course and then this happened lol
Silfer
post Apr 8 2020, 11:54 AM

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force majeure already applied since day 1 of MCO. SO of the project is responsible to issue said letter to main contractor.

im from construction line.
bearbearwong
post Apr 8 2020, 11:55 AM

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QUOTE(ye0073 @ Apr 8 2020, 11:53 AM)
So property price will decrease?
*
crash and decrease.. 2019 already crashed , go Semenyih and see

more problems arises after this, those compress loan owners.. coming up soon
bugijun
post Apr 8 2020, 11:55 AM

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QUOTE(shadowblack @ Apr 8 2020, 11:48 AM)
How to submt EoT right now? MCO also didnt end yet. When site open back, of course they will explain to the client all the delay and claim for EoT
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Just submit notice of delay first. After mco submit eot.
bearbearwong
post Apr 8 2020, 11:56 AM

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QUOTE(Silfer @ Apr 8 2020, 11:54 AM)
force majeure already applied since day 1 of MCO. SO of the project is responsible to issue said letter to main contractor.

im from construction line.
*
so those foreign labour, Indon/Bangla? how? one kongsi of ppl...

force majuera cluase and say no payment 1 bulan? no need to eat? no rokok?

u help me explain to the group , then ok la... idling charges for equipments?

sub con/main con bares
CarroTT
post Apr 8 2020, 11:57 AM

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TS buduh dunno what is force majuere
bearbearwong
post Apr 8 2020, 11:57 AM

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QUOTE(demamkuning @ Apr 8 2020, 11:54 AM)
Only incompetent ones will die.

My father in law and my dad's company still survive je. Both construction.

their clients are mostly local celebs so no issue there.
*
these are specialized type... hardly hit.. building customized bunglows and etc...
St. Jimmy
post Apr 8 2020, 11:58 AM

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WCT still working right? Coz yesterday got few bangla, come my shop buy bawang. Clearly they just after work, coz they wearing boots and WCT vest.
kurtkob78
post Apr 8 2020, 11:59 AM

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property developer tutup or not?
SUSRO Player
post Apr 8 2020, 11:59 AM

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QUOTE(Liamness @ Apr 8 2020, 11:35 AM)
Make no mistake, alot of the construction companies including sub-cons, are going to suffer & even be wiped out due to the MCO.

All construction work can't jalan due to MCO, afterwards, alot will die due to late delivery charges. No company in the world can survive the late delivery charges in construction projects. It's built that way, so those companies that cause delay of the project will have to tutup kedai..

The government better have a plan for those construction firms affected by this bloody MCO, otherwise alot will go bust and tutup kedai, forcing thousands of thousands of workers to go unemployed.

The ones that untung from this mess are the lawyers (sue here, sue there). and the developers & new home owners that sign SPA. They will untung because can claim late delivery charge.
*
pls extend.. rolleyes.gif
SUSRO Player
post Apr 8 2020, 12:00 PM

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QUOTE(CarroTT @ Apr 8 2020, 11:57 AM)
TS buduh dunno what is force majuere
*
thats is nature....this is man made.. icon_idea.gif
cmk96
post Apr 8 2020, 12:00 PM

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Can't stress enough.... the importance of savings.
TiramisuCoffee
post Apr 8 2020, 12:01 PM

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QUOTE(bearbearwong @ Apr 8 2020, 11:55 AM)
crash and decrease.. 2019 already crashed , go Semenyih and see

more problems arises after this, those compress loan owners.. coming up soon
*
+6 mths... start 2021 ?
SUSxingai
post Apr 8 2020, 12:02 PM

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QUOTE(Liamness @ Apr 8 2020, 11:35 AM)
Make no mistake, alot of the construction companies including sub-cons, are going to suffer & even be wiped out due to the MCO.

All construction work can't jalan due to MCO, afterwards, alot will die due to late delivery charges. No company in the world can survive the late delivery charges in construction projects. It's built that way, so those companies that cause delay of the project will have to tutup kedai..

The government better have a plan for those construction firms affected by this bloody MCO, otherwise alot will go bust and tutup kedai, forcing thousands of thousands of workers to go unemployed.

The ones that untung from this mess are the lawyers (sue here, sue there). and the developers & new home owners that sign SPA. They will untung because can claim late delivery charge.
*
Meanwhile here in the UK, the roadwork still ongoing. I really kudos these people to work without bothered to put on a face mask.

And yeah, the Lawyers are going to be the bastard here sue sue sue mary ann sue sue here and there.

My dad also laugh says that he's lucky he retired early. Else, he's also one of the mampus immediately after MCO companies.

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