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 Construction companies going to tutup due to MCO

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SUSLiamness
post Apr 8 2020, 11:35 AM, updated 6y ago

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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.
SUSLiamness
post Apr 8 2020, 11:42 AM

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QUOTE(rpg @ Apr 8 2020, 11:37 AM)
u know contractor also can claim late delivery charges known as extension of time. Construction workers are daily paid, got work only got paid.
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sure, but the contractor must be diligent enough to submit EoT right now! But I can bet you many of those amateur sub-contractors that do minor works in construction won't be smart or experience enough to do so. So they will kena if nobody informs them.

Also, those new projects just kick-off in 2020, want to EoT so fast? I doubt they will grant them..
SUSLiamness
post Apr 8 2020, 11:43 AM

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QUOTE(NicJolin @ Apr 8 2020, 11:42 AM)
Naturally there will be EOT or VO due to this current situation
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Only will be given if requested. If contractors don't request, it probably won't be granted.
SUSLiamness
post Apr 8 2020, 11:48 AM

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QUOTE(prophetjul @ Apr 8 2020, 11:46 AM)
Force Majeure
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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.
SUSLiamness
post Apr 9 2020, 07:36 PM

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QUOTE(Yuuki1122 @ Apr 9 2020, 07:29 PM)
WCT memang the most bastard of all construction companies

already kena fine by DBKL for breaking MCO but still working

Surely undertable $$$$ dah ptui
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Why you think they donated 1mil to the tabung covid19 ?
SUSLiamness
post Apr 10 2020, 04:15 AM

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QUOTE(ladytarot99 @ Apr 10 2020, 02:24 AM)
Lel.. I hope unker liamness wouldn’t get angry 🙏🏻🙏🏻🤣🤣  sorry yea unker..
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Nah it's fine. Interesting and different pov, which i some what agree with. Hence before I buy a prop, i will go through as much as I can. I.e., physically climb ceilings to look at water tanks, go underground to look at the septic tank or sump pump, check electrical and reticulation systems and so on to make sure there isn't any hidden objects. I also only buy north east facing homes for feng shui and good karma.


When I rent out, I'm more a hands on landlord and thoroughly vett who i rent to. I.e., i always ask my tenants to fill up an application form and provide at least 3 referrals of previous landlords. I don't rent out to newbies. Both my wife and I were tenants before, myself, I have been a tenant at least 20 times during my studies and early career, so I do know who will make a good tenant and who won't.

Once rented out, I or my wife will visit the prop on a bimonthly basis to ensure all is well. If we feel something isn't right with the tenant or the prop after they moved in, we will investigate further. Being from the sales line, my wife and I are very accomplished readers of people. It's easy for us to trust our instincts and we know when someone is bluffing or hiding their true intentions. By asking specific questions and watching for verbal cues and body language, we both can figure out things by ourselves.

I have come across some tenants who I suspected of black magic too. What I do is I'll ask the tenant that I noticed they did or place a peculiar object somewhere in the house, and why do they do that? Meanwhile, I will watch for their response. Shifty behaviour or overly response tells me immediately that it is a concern and I should do something about it.

How do I do something about it?
For starters, when I sign them, I do so on 3 month contracts with option to renew them after review. I call it a probation period but really, it's for me to weed out bad tenants.

And during the renew, we will highlight things that we need to see improvements on i.e. cleanliness, hygiene, attitude towards other tenants, self awareness, odd behaviours, bad habits and so on.

If they are good, we will move them to 6 months contract. Otherwise, we keep them at 3 months renewal for awhile to see improvement in behaviour and standards. We will eventually drop them if they are bad by intentionally raising the rent to unacceptable levels and making it non negotiable or outright telling them that the room or house is being taken over by another tenant who was a better fit. We are also fair people and try to give them hints that they need to improve as tenants. Hence why I stress on only renting to experienced tenants from the beginning. It makes life easier later on. I only have rented out to first time tenants on exceptional circumstances. I.e., if the person passed the eye test and did extremely well during the interview phase. Again, I will have my wife ask the person alot of specific questions meanwhile, I will be watching and listening for their response and verbal cues. I guess you can call it my spider senses.

This post has been edited by Liamness: Apr 10 2020, 04:35 AM
SUSLiamness
post Apr 13 2020, 10:46 AM

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Old people logic..

There's no such thing as ghosts la.. jeez.
SUSLiamness
post Apr 13 2020, 01:11 PM

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QUOTE(subrok007 @ Apr 13 2020, 12:05 PM)
In private sector especially those in building contract will use PAM contract majority.

Main con bear with PAM contract can claim EOT under force majeure or suspending work under instruction by appropriate authority. But the first step is main con need to issue notification. Notification is a condition precedent under PAM.

Thereafter main con rights under this MCO will not be deprived.

Main con always have big risk and must always prudent to act.

At this moment, my view for frustration under common law can not be invoke because MCO got period. Unless, the project really cannot run after MCO and left both parties not fault at all.

For gov projects, main con lagi susah a bit because there is not clear definition in defined the force majeure clause under PWD form. (Correct me if I wrong).

So anyhow the ticket for main con to get EOT must always submit notification. Without this, there is always challenge come-in from the other party

CIPAA is meant for interim resolution. And only for payment dispute related. You can’t bring those non payment issue related to CIPAA..
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yup, onus is on Main con to take the first steps.

meanwhile, there is no cashflow.. alot of companies will go bankrupt. then later on, maybe they still will kena by LOD to finally put nail in the coffin.

 

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