The government in a bid to make the Hambantota Port a viable commercial venture, has decided to develop dockyard facilities at the port at an estimated cost of Rs. 2 billion.A Chinese Company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at the Hambantota Port, a ...
Short coming in the ActThe act provides provision to maintain a register of qualified persons. Also professional institution acts like IQSSL act also provide provision to maintain their qualified person register. Because of that there may be discrepancy between the professional institutions register and the Authorities’ register. For an example, a member who expel or suspend the membership of IQSSL, ...
Source; Lankadeepa News Paper 08-08-206Upon the above proposal become a law, contractor’s/employer's shall have to use only Type G (13 A) type sockets instead of the current Type D socket (5A) in all their projects in Sri Lanka.Contractual aspectAccordingly, Contract Price is required to adjust to take account the aforementioned change in accordance with the applicable Contract provisions(s). For clarity, ...
· It was proposed the construction companies who seek overseas markets to be granted the opportunity to continue with the tax exemption on the income generated outside Sri Lanka. · Any foreign contractor entering Sri Lanka to undertake construction work should enter into a joint venture agreement with a local contractor.· It was proposed to remove the Construction Industry Guarantee ...
During my present visit to Sri Lanka, I had the privilege of travelling to Trincomalee and from there to most parts in the Eastern province. What I saw was an amazing transformation of the major infrastructure of Sri Lanka. The Colombo Galle highway from Kottawa and other massive road developments around the vicinity of the Sri Lanka parliament are ...
The Appeal Court ratification of the decision in City Inn v Shepherd Construction [2010] provides clear and concise guidelines for evaluating EOT claims. This will be of interest to all quantity surveyors having to deal with EOT claims.IntroductionThe recent case of City Inn v Shepherd Construction has put a ‘damper’ on the reliance by Architects, Engineers and Planners on set ...
I have frequently been asked by Quantity Surveyors and Engineers alike, very senior people as well as students to explain the difference between Guaranties and Warranties. This becomes even more confusing to some when lecturers speak about collateral warranties in respect of construction contracts.Guaranties and Warranties have immense significance in the interpretation and administration of contracts. Both have the same ...
There is some refreshing news for owners suffering from defective construction work by main contractor and sub-contractors – domestic or nominated by a recent decision of the New South Wales (NSW) Australia Court of Appeal – PND Civil Group Pty Ltd v Bastow Civil Construction Pty Ltd [2017] NSWCA 159 (27 June 2017). The case arose out of a claim ...
Section vi (REGISTRATION OF CONTRACTORS, PROPERTY DEVELOPERS)The Authority is required to maintain a Register of Contractors and all identified construction works are required to carry out by a registered contractor. Also foreign contractors are requiring temporary registration before they are engage as a contractor for an identified construction work. Moreover the authority has power to take disciplinary actions against contractors ...
Section iv(CONSTRUCTION INDUSTRY DEVELOPMENT FUND AND FUND OF THE AUTHORITY)The section iv of the act makes provisions to establish the “Construction industry development fund and “Fund of the Authority”.Construction industry development fundMinister to whom the subject of Construction is assigned impose a levy to be called as “Construction Industry Development Levy”. The rate of the levy to be determined and ...
