Web posted at: 12/13/2009 3:31:32
Source ::: THE PENINSULA
DOHA: Barwa has started delivering outstanding payments that the now-defunct main contractor owed to subcontractors who had completed work on the Barwa Masaken (Alsailya and Mesaimeer) project, the company said yesterday.
The move has come after the main contractor for the project, Panceltica, became insolvent in July, leaving many of the subcontractors without payment.
Barwa had no obligation to these sub-contractors, however, it believed this move would be necessary for the completion of the project in the best technical conditions, the company said in a statement issued yesterday. “Barwa has taken the initiative to demonstrate its commitment to the developer community and ensure that local subcontractors’ outstanding payments are resolved,” said Barwa Deputy Chairman, Hitmi Ali Al Hitmi.