8 Conlay dispute referred to arbitration following GDB’s RM102m claim against project owner KSK Land
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.
The company said GDBSB would undertake these works for a two-storey ramped-up warehouse with the mezzanine level at each floor, a staff cafeteria facility, a show gallery, security guardhouses, a refuse chamber and an electrical substation.
GDB's wholly owned Grand Dynamic Builders Sdn Bhd filed the writ of summons and statement of claim to initiate the suit at the High Court here on Thursday (Oct 6).
KUALA LUMPUR (Oct 26): GDB Holdings Bhd has executed a letter of intent (LoI) concerning the receipt of a RM1.
KUALA LUMPUR (Nov 15): Construction services firm GDB Holdings Bhd has secured a contract worth RM67.
KUALA LUMPUR (Nov 7): Construction services firm GDB Holdings Bhd (GDB) has bagged its first contract in East Malaysia to build the Hyatt Centric hotel in Kota Kinabalu, Sabah, for a provisional contract value of RM213.
KUALA LUMPUR (Sept 26): Construction firm GDB Holdings Bhd has clinched a RM517 million contract to undertake construction works as the main contractor for the Park Regent residential development located at Desa ParkCity here.