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 Construction companies going to tutup due to MCO

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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.
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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.
SUSxingai
post Apr 8 2020, 12:07 PM

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QUOTE(cmk96 @ Apr 8 2020, 12:00 PM)
Can't stress enough.... the importance of savings.
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When it placed on bigger figure like developers of few apartments and whole piece of Desaparkcity land, savings is like... Trying to compete with BNM in term of Saving Account.

Let's say 100k, open a grocery shop. How long can it let you stay afloat?

Competing against a big company that doesn't save but spend like here, mortgage here and there, take as much credit as they could, straight push 10 grocery shop.

When you level up to 2 shops, they're at 20.

When MCO comes, they 20 shops all collapse, but during that 2-5-10 years, imagine how much clean + hidden profit they got. People already enjoy drive Bentley, piap many gals, divorce how many time, and die bankrupt.

Meanwhile, you might still stay at 2 shops, and headache because savings hardly enough to feed the store for another month. (Not yet involve increase in item price.)
SUSxingai
post Apr 8 2020, 01:20 PM

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QUOTE(cmk96 @ Apr 8 2020, 12:34 PM)
All companies are effected by this MCO... if your business cant last few months without business. Better cut lost.

there are reasons why some prefer to be employee.

Every company start small once a time ago. Just that they hv been in the business far longer than you... they hv better cash buffer.

If you are just a startup at desapark...less than a year... most probably your finance is in the red during MCO.... still have not BE yet.
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My situation is somewhat better. 8 Airbnb apartments + 2 Chinese Takeaway building, all still on the mortgage, but inside each of the account had enough money for it to deduct for 11 to 12 months. Takeaway business tax etc and stuff cannot be escaped thou... I still have to pay for now.

Tourism Business Office block is rented, which had to be settled no matter what.

The flat I'm living with my wife is fully paid, car fully paid, and insurance are all settled for now.

But at most, I can handle for a 12 month period before I need to start getting headache. (Cortesy of a Mainland China wife, super crazy in these kinds of stuff like pay first, all lumsum, don't wear bigger hat than your head, etc lessons)

 

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