Good way to encourage young entrepreneurs

[Calvin79]

http://www.asiaone.com/News/AsiaOne%2BNews...717-359631.html

 

Or maybe Singaporeans just not "dare" enough....

 

New Straits Times

Tuesday, Jul 17, 2012

ALOR STAR - A 20-year-old contractor has won a RM1.4 million Federal Government infrastructure project through an open tender system.

 

The mill-and-pave project for the Grik-Kupang road in Kulim was the biggest job among six contracts vied by 133 contractors in the state.

 

Muhammad Muhaddis Ahmad Fatahi never expected to win the road job, which he described as a "windfall".

 

"Never in my wildest dreams did I imagine that I could win a big job like this. As small contractors, we are grateful to the government for giving us the opportunity to contribute towards the country's construction industry.

 

"With the new open tender system, small contractors stand a better chance to secure government projects," said Muhaddis, who is United Charisma Sdn Bhd director, after securing the contract yesterday.

 

The balloting, witnessed by Works Minister Datuk Shaziman Abu Mansor, was held at Wisma Persekutuan.

 

It was the first balloting held for Class D and E contractors.

 

The contractors themselves drew the ballot papers.

 

Shaziman said previously, projects for the two classes of contractors were given to government-appointed concessionaires.

 

"We have decided to open it for balloting after hearing out the contractors' requests."

 

Shaziman also said there were 204 maintenance jobs worth RM37 million available for small contractors in the peninsula.

 

Shaziman said his ministry and the Malay contractors association would closely monitor the performance of contractors.

 

 

[AnimalFarm]

the news make my toes laugh.

[Mockngbrd]

truely asia.... dunno real or not

[AnimalFarm]

truely asia.... dunno real or not

 

the company will just wind up few months down the road and declare bankrupt.

another fly by night companies in the land of cowboys.

Edited July 17, 2012 by AnimalFarm

[Jman888]

didn't mentioned how much is the kick back, skali 30%-50% siao liao [laugh]

[Little_prince]

balloting? for tender?

 

truly asia...

[Liping24cn]

20 years old already director?

Working in Lau-peh company is it?

 

 

 

said Muhaddis, who is United Charisma Sdn Bhd director, after securing the contract yesterday.

[AnimalFarm]

you can be your director too.

Registration fee (local): S$50

[Sosaria]

This small fry will just secure the contract first then sub-con to others who can really do the job. Hopefully his cash flow is good enough to keep him afloat while he plays this 'musical chairs' game so common in the construction industry.

 

Nevertheless it is an improvement already over there where contracts were previously awarded without tender to companies which were later found linked to establishment figures.

 

Their procurement culture is so 'backward' that open tender is still something new to them. Their system is still very much the bad ol' days style of patronage, guan-xi-guan-xi, and bribery high and low.

[Jasonjst]

SG system also got corruption right ? Must get Xmeimei to bj at east coast park .

[Tianmo]

SG system also got corruption right ? Must get Xmeimei to bj at east coast park .

 

Xiao mei mei or lau mei mei????................. [laugh]