Contractor, China Harbour Engineering Company (CHEC) is responsible for the failure to meet the December 31, 2018 completion date for the Cheddi Jagan International Airport expansion project which could see 5% of the US$150M contract sum withheld and utilized as liquidated damages, sources say.
Government is to meet with the company to discuss the percentage of work remaining and the estimated time of completion but officials told Stabroek News that “this government does not intend to pay a cent more” than the agreed-to costs.
“The obligation was on them to complete within the contracted time, failing which they could face liquidated damages,” one source close to the contract told this newspaper.
