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

crash and decrease.. 2019 already crashed , go Semenyih and see

more problems arises after this, those compress loan owners.. coming up soon

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

these are specialized type... hardly hit.. building customized bunglows and etc...

Moratorium does not apply to existing defaulters... more than 3 months especially.. that is the guidelines...

but i heard once they pay one month, they are entitled... within 6 months will be safe..

many will try to sell but... valuation does not hit.. so it will be impaired...unless bank change the policy... valuation does not hit, proceed to sell to reduced loss rather than no cash

1. that is provided you only owe them 1 month salary la.. some head labour cant control the down line already if no monies..

2. that is good, payment record good that y they listen

3. wah so good supplier, mostly NSC?

then subcon payments and supplier how? subcons labour now ask payment directly from you guys... sub con say u guys contra units to them so much they no cash flows... CCRIS/CTOS also koyak di

still got such smooth construction lines.. no deductions? no back charge? paymaster so good?

then you are one the good paymaster i can say.. this is like 10% of the line..

next question is whether the project is sell-able? if not.. ur payment will stuck also

oh cannot sell = you take few units (contra) =cash flows

ur boss good ah cut own meat and blood to help pay others

final claim later... when you wanna take retention sum that time..

it means that boss fork own monies to pay

those staffs under Main Con macam, site supervisors, area, engineer, managers, security guards, accounts and etc..

but Main con can sustain one..

hmm dirty... the billionaires are waiting for chanci to sapu other companies like airline Malaysia... constructions company...

later wholly taken over by new billionaires

the trend is happening, just waiting the right time... maciem some even listed cons also Winding up

maybe after falling quite bad, there will be take over by other companies... HLBB/PBB these players can sapu..

if got cash, why still submit to pay subcon to finish the project?

drag, until pay master gg, then sapu paymaster position with dirt cheap price ma

my idea if cash rich enough

boss explain further can? if not EOT clause dalam PAM ? PAM not standard form? so those direct sub contract punya depends on each individual contract la?

i saw views that even Majuera tak de, still will be implied/understand such clauses... true?

only QS ke? construction related boleh ke?

siapa? name it? many China constructions funders luring ard 50M to 100M anytime

one of the players at Bukit Jalil Pavillion players ? or Semenyih? or Rawang? KL South?

correct wor... because LAD biasanya paymaster punya issue...

btw main con dan sub con biasanya can talk extension , worse case back charge je...

orang experience tu

contra lor to Main Cons.. happens every time...

rightfully explained, but the loss and expenses rates ? macam BQ?

the issue before and after MCO is payment wise.. not updated.. 3-4 months and under certifications/non certifications

yes there are remedies for you to with regards to under certi/non-certi, issue stop work order letters, complain.. but remaining projects how? normally starting times, fora projects main con/sub con relocation equipment, workers office, labour already big costs in..

as such they will continue work, those under-certi/non -certi wil keep quiet, Main con/paymaster normally give enough to survive/run the projects.. supplies side the use nominated sub-cons... and Main con pon kena bayor, give face to paymaster..

am quite sure sure a da consultant/paymaster coupled with current defect, no follow design and MCO raise issues... can potong sub-cons and back charge... these are normal? sub con documents not complete then gg di

oi... alahai.. u tak tau meh those annual dinner and bagai kat Mandrin oriental, Sp convention centers, KLCC and etc macam mana?

Construction company linked to developers/main paymaster will call main cons/sub-cons, then 'invite them" to go dinner...

"Hi ABC constructions, your good company is invited to attend our annual dinner, Dato/Dato Sri/Tan Sri had reserve slots for you... each ticket RM5K, We reserve 1 table/2 slots for your" ok?

that is how annual dinner/majlis is held.. those gold bar, whiskies are sponsored ma...

anyone from constructions industry can confirm? last i heard was RM10K one seat.. depending on location which they host la .. normally KL rates are like that

and on that day all subcon/main cons come with blazer, coats, watches, spectacles tu, hair like aaron kwok/hong kong star... and seating priority whether close to organizer/boss depends on relationship and contributions

they listent to Dato/Dato Sri/Tan Sri speech about history of the company and etc...

This post has been edited by bearbearwong: Apr 8 2020, 02:05 PM