MALAYSIA GUINNESS WORLD RECORD – Longest Delay in Completion of a Building – 9 years
The MATRADE BUILDING is a GUINNESS WORLD RECORD for the LONGEST DELAY – 9 YEARS in the Completion of a building.
The Malaysia External Trade Development Corporation (Matrade) building at Jalan Duta here, which was supposed to have been completed NINE YEARS AGO, is ready and will be handed over to the International Trade and Industry Ministry (MITI) on 23rd May 2006 i.e. TODAY
The Matrade building project started in 1994 and was expected to be completed in 1997 but due to M A S S I V E delays and the appointment of new contractors, its initial cost of RM167 million has leapt to RM287.5 million, with about RM64.8 million spent on repair works. This should be another GUINNESS WORLD RECORD for the HIGHEST Cost over run.
The original contractor, Perangsang International Sdn Bhd (PISB), had its contract terminated in March last year due to failure to complete the project. PISB was told to pay liquidated assertion damages (LAD) or late delivery charges of RM41,750 per day for 2,276 days from the termination date.
According to the Bernama report, Works Minister Datuk Seri S. Samy Vellu was quoted as saying that legal action was being taken against PISB to pay the RM95 million owed in LAD and RM64.8 million as cost for the additional repair works.
"I was told PISB is a dead company but we are going after the company's
directors," he said, adding that the legal process might take longer than
expected.
PISD is a limited company and is already bankrupt and the directors will follow suit. This legal action is an exercise in futility, might as well save the legal fees. So the rakyat will have to bear all the extra cost. What a shame!
Update: 25 May 06
See SUN'S report Matrade building 'MONUMENT OF SHAME'
and Bustiness Times Rafidah wants PROBE on Matrade building delay
The Malaysia External Trade Development Corporation (Matrade) building at Jalan Duta here, which was supposed to have been completed NINE YEARS AGO, is ready and will be handed over to the International Trade and Industry Ministry (MITI) on 23rd May 2006 i.e. TODAY
The Matrade building project started in 1994 and was expected to be completed in 1997 but due to M A S S I V E delays and the appointment of new contractors, its initial cost of RM167 million has leapt to RM287.5 million, with about RM64.8 million spent on repair works. This should be another GUINNESS WORLD RECORD for the HIGHEST Cost over run.
The original contractor, Perangsang International Sdn Bhd (PISB), had its contract terminated in March last year due to failure to complete the project. PISB was told to pay liquidated assertion damages (LAD) or late delivery charges of RM41,750 per day for 2,276 days from the termination date.
According to the Bernama report, Works Minister Datuk Seri S. Samy Vellu was quoted as saying that legal action was being taken against PISB to pay the RM95 million owed in LAD and RM64.8 million as cost for the additional repair works.
"I was told PISB is a dead company but we are going after the company's
directors," he said, adding that the legal process might take longer than
expected.
PISD is a limited company and is already bankrupt and the directors will follow suit. This legal action is an exercise in futility, might as well save the legal fees. So the rakyat will have to bear all the extra cost. What a shame!
Update: 25 May 06
See SUN'S report Matrade building 'MONUMENT OF SHAME'
and Bustiness Times Rafidah wants PROBE on Matrade building delay
posted by multidimid at 1:59 AM
2 Comments:
MALAYSIA Boleh!
ahahaha. good one. i once worked on one of the hundreds of studies done by hundreds of consultants study small aspects of the building problem.
i thot it'll never be opened.
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