Memorandum of Understanding
At the outset of a project, parties often record the basic terms under which they agree to work together for the particular project. This preliminary agreement is commonly referred to as a memorandum of understanding or MOU for short. This Article looks……. Read More
Alliancing in Construction
This Article considers the precise nature and salient features of alliancing and when it should be used to best effect. It is very important for us to understand that the final decision on the adoption of alliancing as the framework for…. Read More
Performance Bonds & Bank Guarantees
There are a range of options available owners to protect them against the non-performance of a contractor such as retention, liquidated damages, indemnity and set-off provisions, parent company or shareholder guarantees, performance bonds, bank guarantees and others.
This Article focuses on the use of…. Read More
The Growth of Chinese Contractors in the Malaysian Construction Market.
Since the mid 1990s, the international construction market has witnessed the steady growth of Chinese contractors competing for work overseas. Chinese contractors have steadily become important and influential players in the international construction and infrastructure markets. The demand for infrastructure development, especially in developing countries, has provided a solid platform for Chinese contractors to engage in the projects on the international arena. Similarly, strong support from the Chinese government together with competitive pricing has played an important role in the expansion of Chinese contractors globally and not least in Malaysia. Increasingly, local and international lenders now consider lending against Chinese contractors, bringing the competitiveness of Chinese contractors to the attention of the Malaysian project financing community….. Read More