Mutual Termination Termination By Default

- Condition Subject To Client’s Approval - Condition Subject To Client

1. 50% performance forfieted 1. 100% perfomance bond forfieted

= RM233,381.51 = RM466,763.02.

2. Payment claim subject to verification 2. License blacklisted.

and payout to contractor.
3. Need personel/company undertaking letter or
3. No personel guarantee/undertaking. personal guarantee letter of all directors.

4. Penalty/charges of shortfall between new

contractor and us; whereby the new price to
complete the work will be back charged.

Debtor Statement/POB from Salam Mulia:

 Termination by default will be imposed after
 DD Utama Statement two (2) months if cannot hit work done of 12%
= - RM356,115.94 of work done by each month. (which is
equivalent to RM1.13 million per month)
 PMR with Salam November Statement
= - RM575,796.48

December Uncertified Claim:

= RM345,085.02

 DD Utama M&E Work

= RM104,887.27

 PMR C&S Work

= RM186,597.77

 DD Utama Lost Estimated lost if by termination by default:

= -RM356,115.94 + RM104,887.27  Remaining Works = RM6,819,275.58

+ RM205,500 (50% Performance Bond)
 Retender (140 % ) = RM6,819,275.58 x 140%
= - RM45,728.67 (Lost) = RM9,546,985.81

 PMR Lost  Government Charge Back Differences /Penalty

to contractor (40 %)
- RM575,796.48 + RM186,597.77 = RM9,546,985.81 -RM6,819,275.58
= - RM389,198.71 (Lost) = RM 2,727,710.23
- Expedite remaining work to get
minimised lost until mutual termination  Total Estimated Lost
finalised. (on month of January) = Price Difference Charge Back + Performance Bond
= RM 2,727,710.23 + RM466,763.02
= RM 3,194,473.25 (Lost)

*note: this lost have not include POB purchase