How the New LAD Calculation Impacts Sabah Developers
A new federal court ruling declares that the calculation of a late delivery payment or Liquidated Ascertained Damages (LAD) begins from the date the bookin...
clock 10-02-2021

What Is LAD in a Construction Contract?
LAD (which stands for liquidated and ascertained damages) can be an important clause to take note of, especially if there are any losses which the employer...
clock 23-09-2020

Developer Loses Chance to Defend Self, Ordered to Pay RM75,700 for Late Delivery
SIBU: A property developer forfeited his chance to defend himself at the Sarawak Housing Purchaser Claims Tribunal when he failed to file his defence subm...
clock 23-05-2018

Residents Seek Legal Action Against Developers of Two Prominent Projects
Some 40 residents from both Lido Four Season and the Light Residences gathered in unity at Lido Four Season's club bar on Saturday, 7 April 2018, to collec...
clock 02-05-2018

RA Concept Responds to LAD Issue Haunting the Light Residences
RA Concept Sdn Bhd has officially received a rejection letter – dated 6 April 2018 – for their Extension of Time (EOT) application from the H...
clock 17-04-2018

Condo Buyers Appeal for LAD Payments
A group of condominium buyers appealed to SHAREDA and its member developers that built the Light Residences and Lido Four Seasons Residence to settle Liqui...
clock 19-03-2018

Petra Jaya Hospital Contractor Gets LAD for Project Delay
KUCHING: Public Works Department (PWD) has imposed Liquidated Ascertained Damages (LAD) on the contractor of Petra Jaya Hospital at a rate of RM89,506.85 p...
clock 22-09-2017

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