- En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.
KUALA LUMPUR (Feb 27): Master Builders Association Malaysia (MBAM) and China Enterprises Chamber of Commerce in Malaysia (CECCM) signed a Memorandum of Understanding (MOU) to promote mediation for resolving contractual dispute issues in the construction industry.
The MOU was signed between MBAM president Oliver Wee and the CECCM’s Construction Industry Working Committee (CCIWC) president Lyu En last Friday (Feb 24).
Under the MOU, MBAM and CCIWC will work together to advise both members on reducing legal disputes by using mediation as a better alternative to resolve construction disputes.
“MBAM has its MBAM Mediation Services in which the mediation services are offered to CECCM members at an affordable cost. Our collaboration is particularly relevant in this post pandemic era, where(in) disputes among contracting parties have increased,” said En in a media statement.
He explained that there are more than 1,000 cases at various courts related to construction contract disputes. En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.
“We appreciate MBAM for the collaborative partnership and call upon all CECCM members to make full use of the mediation services provided by MBAM. We also (hope) that the signing of the MOU would also promote more collaborations between both parties in the future,” En noted.
Said Wee: MBAM, as the prime mover and the recognised voice of the Malaysian construction industry, is committed to build a resilient, agile and sustainable construction society, which works well with the objective of CCIWC to promote a better connection between China and Malaysia’s construction industry, act as a platform to exchange opinions with one another; improve their professional skills, enterprises management skills, (and) team building capabilities; and the development of potential opportunities.
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