8 Conlay developer appealing GDB’s recovery of RM103 mil in unpaid sums
KUALA LUMPUR (March 13): GDB Holdings Bhd (KL:GDB) said the developer of the 8 Conlay project is appealing a court decision ordering the company to pay GDB's unit RM102.
High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works
KUALA LUMPUR (Feb 13): GDB Holdings Bhd (KL:GDB) said its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd has obtained a favourable High Court judgment against KSK Land Sdn Bhd, which is in liquidation, to recover amounts owed for works on the 8 Conlay project.
GDB secures court order to enforce adjudication award relating to 8 Conlay project
“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.
GDB wins RM83m in new adjudication involving payments for 8 Conlay project
The sum comprises RM76.
GDB wins RM59m in adjudication involving payments for 8 Conlay project
This was, however, just a little over half of the RM102.
Conlay Construction appointed as main contractor for KSK Land’s 8 Conlay
“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.
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.
KSK Land terminates main contractor GDB from 8 Conlay project
According to a press statement, the contract between DCSB and GDBSB was terminated due to a failure to achieve agreeable solutions to various disputes relating to construction site matters over a period of the last nine months.
GDB to resume work on 8 Conlay after receiving partial payment from KSK Land unit
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.
