Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Construction companies going to tutup due to MCO

views
     
prophetjul
post Apr 8 2020, 11:46 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

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.
*
Force Majeure
prophetjul
post Apr 8 2020, 11:53 AM

10k Club
********
All Stars
12,268 posts

Joined: Oct 2010

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.

 

Change to:
| Lo-Fi Version
0.0283sec    0.53    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 10:43 PM