There are various options open to mining companies seeking protection against non-performance by a contractor, and contractors seeking protection against non-payment by a client In the mining and construction industries, the non-performance of a contractor or non-payment by a client to a contractor are potential risks that both parties need to consider in the early stages of their relationship, using performance bonds, insurance and various forms of payment security.
April 27, 2021 Duncan Mlanjira - Nyasa Times 1 Comment
The Austrian contractor Strabag International has doubts competence of other bidders and thinks Malawians will get a raw deal and poor infrastructure.
Has decided to withdraw from tender of rehabilitation of Lilongwe-Blantyre M1 Road to avoid being drawn in a cat and dog fight on price than quality.
Suggests that capabilities of contractors must include a sound level of technical and financial strength to assure a good standard of delivery and durability
Following the furore that is surrounding poor workmanship by contractors on Malawian road projects, Strabag International GmbH has withdrawn from the tender process to rehabilitate and widen four sections of Lilongwe-Blantyre M1 Road.