How Contractors Can Overcome Their Difficulties? Koon Yew Yin

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How Contractors Can Overcome Their Difficulties? Koon Yew Yin

Koon Yew Yin

Publish date: Thu, 13 Apr 2017, 03:05 PM

Talk by Koon Yew Yin on 15th April 2017 from 9.30 am to 12.30 pm at MBAM Building KL

Seminar organised by Master Builders Association Malaysia

Topics

1 The biggest obstacle for contractors to overcome is the open competitive tender system. How to submit the lowest price to secure a contract? Importance to get quotation from specialist sub- contractors, suppliers for large items.

2 Never undertake a contract to construct a structure that you have no experience, like a suspension bridge, a cement factory or a coal fired power plant. Always under estimate the cost because you cannot imagine the construction difficulties.

3 How to overcome financial difficulties due to progress payment delay?

Progress payment certificate can be charged to the bank with instruction to employer to pay directly to the bank.

4 Difficulties in claiming for additional cost because the architect or engineer is fearful of being blamed for inefficiency or being corrupt- accepting bribe

5 Claim for additional cost due to price variation of materials. Introduction of the price variation cost clause in the condition of contract. Oil Crisis ?

6 How to use finance from the banks and insurance companies for performance bond?

TEA BREAK

7 Studies have shown that contracting is a very difficult business and there are more failures in the contracting business than in many other businesses. What are the reasons? How to be successful?

8 Every business man must aim to list his company. If your company is listed, It is like Bank Negara has given you a licence to print money. The importance of share price and how to use it effectively? What is the most powerful catalyst that can move share prices?

9 How listed companies of contractors can expand by taking advantage of the provision in accordance with the Securities Commission rules?

10 Almost all contracts are late in completion. How to complete within scheduled time to save cost and to avoid penalties?

11 How the Malaysian Chinese managed to do well despite being 2nd class citizens?

12 How to avoid sicknesses and live a long life? How to live a happy life? What is our ultimate aim in life?

13 KYY will donate Rm 100,000 to start a scholarship fund to be managed by MBAM. Each attendee will have to donate Rm 300 toward this scholarship fund.

14 Questions and answers

Koon Yew Yin CV

Secretary General of MBAM for 9 years.
A Chartered Civil Engineer, 84 years old.
A co-founder of Mudajaya, Gamuda and IJM Corporation.
A Member of the Board of Engineers for 3 two year term.
A Committee Member of SIRIM for drafting the Malaysian Standard for cement and concrete.

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