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Bina Puri JV company bags RM183m contract for construction work in Nepal


Bina Puri JV company bags RM183m contract for construction work in Nepal
The Edge
2 hrs ago
Syafiqah Salim
© Provided by The Edge
KUALA LUMPUR (April 20): Bina Puri Holdings Bhd said its 20% joint venture (JV) company has bagged a contract worth 5.2 billion Nepali rupee (RM183 million) for a new construction project in Nepal.
According to a bourse filing today, Bina Puri Kalika-Samanantar JV has been awarded the contract by the Supreme Court of Nepal for the construction of the Supreme Court Building Complex at Ramshahpath, Kathmandu.
Bina Puri said the contract period is 36 months, commencing April 1, 2021.
The group said the contract will have no material effect on the share capital and substantial shareholders’ shareholding of Bina Puri. ....

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Who has the right to sue a consultant?


Introduction
Every construction project has at least one consultant appointed by a developer (also known as an employer of the project). While the types of consultant and their respective roles may differ from project to project, a consultant s role generally includes the certification of work and progress. In most instances, this also requires the consultant to certify the amount payable for work done and the amount payable by the employer to the main contractor. A payment certificate will be issued thereafter.
As cashflow is crucial for main contractors in any ongoing construction project, prompt and expeditious payments by the employer are often expected. However, if the main contractor is dissatisfied with the payment certificate, can the main contractor sue the consultant for negligence? The Court of Appeal addressed this question in a recent case commenced by PCP Construction Sdn Bhd against L3 Architects Sdn Bhd.(1) In its decision, the Court of Appeal unanimously ....

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