Civmec launches legal action over Perth Stadium contract
DUAL-LISTED construction group Civmec is taking legal action over its work on Perth Stadium in Australia.
It is going to a court to get certification of practical completion to be granted for its stadium works, and has lodged a writ in the Supreme Court of Western Australia against Australian contractor Brookfield Multiplex Engineering and Infrastructure, Australia-based Civmec said in a statement on Friday.
Civmec had won a steelwork contract in 2015 to supply and build parts of the stadium, such as its frame, roof trusses and pre-cast elements such as seating platforms. It is now seeking reimbursement for the costs that it rang up after what it claims were significant and substantial changes made to the scope of the works.
The group added that it does not believe that the situation will materially affect its cash position or financial performance, whether for the 12 months to June 30, or for any future financial years.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Barclays says it’s winning Asia banking business from US firms
China central bank wants to halt bond-buying spree, not join it
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million