Tuesday, June 14, 2005

DRB RAIL PROJECT GOES TO ARBITRATION


DRB RAIL PROJECT IN DISPUTE COURT Posted by Hello

DRB-HICOM Bhd chairman Tan Sri Dr Saleh Sulong said both the Government and the company have mutually agreed to appoint an independent claim consultant (ICC) to resolve the dispute on the variation order of the double-tracking project between Rawang and Ipoh. The variation order refers to the work ordered by the Government that is not included in the original contract, which reportedly is worth RM700mil.

The ICC or arbitrator will be appointed “which will be acceptable by both parties to address the issue of the variation order,” he told reporters.

For more info on contract & dispute management, go to:
www.projectmanagementysm.blogspot.com

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