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Investment J. SATINE RESIDENCES / RUMAWIP @ SETAPAK, High dense project near Giant Setapak

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cms
post Nov 11 2024, 02:43 PM

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QUOTE(icemanfx @ Nov 10 2024, 08:01 PM)
Consultant is unlikely to under design. More likely the main contractor or subcontractors cheated on materials e.g concrete strength or/and steel bar.

Investigation and report would take a few months. Project is likely to delay for a few years if ever to be completed. It could be cheaper for the main contractor, subcontractor or/and developer to declare bankrupt than dismantle and reconstruct the building.
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Wouldn't it be more beneficial to the developer to declare bankrupt and just case close ?
cms
post Nov 11 2024, 02:48 PM

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This post has been edited by cms: Nov 11 2024, 02:48 PM
cms
post Jan 22 2025, 08:14 AM

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QUOTE(UncleRoger93 @ Jan 16 2025, 05:40 PM)
Highly unlikely they'll do something like that... Developers are all profit oriented & using PV22 to compensate is not a wise financial choice from management POV...
No matter how long it takes, I think huge developers like PV will always win unfortunately...
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In doing business, reputation and confidence goes a long way....many developers don't recover from it even decades later.

 

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