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Junior Sammy sues EMBD for $114,345,102.72

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stikid09
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Junior Sammy sues EMBD for $114,345,102.72

Postby stikid09 » January 21st, 2019, 10:09 am

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ONE of Trinidad and Tobago’s largest contractors—Junior Sammy Contractors Ltd—is suing State company Estate Management and Business Development (EMBD) for $114,345,102.72.

Of that sum, Sammy claims that $82,804,219.19 has been owed to him since 2015 for work completed on the Caroni Savannah Residential Development Phase 2 Project, while $31,540,882.53 amounts to interest or unpaid sums as at December 19, 2018.

EMBD’s board minutes of January 30, 2015 show that the decision to award Sammy the contract for the Caroni Savannah Road Residential Development Phase B came after he bid the lowest of four contractors—Sammy at $231,422,824.53; Namalco at $242,788,746; Motilal Ramhit and Sons at $289,881,389.67; and TN Ramnath & Company at $292,112,511.41.

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Re: Junior Sammy sues EMBD

Postby ru$$ell » January 21st, 2019, 10:20 am

that cent figure though,lmao

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby Les Bain » January 21st, 2019, 10:33 am

^^lol.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby dean_spleen09 » January 21st, 2019, 10:36 am

troll level 72

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby sMASH » January 21st, 2019, 10:56 am

sandals, pull out, cant say u dont have the money.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby Infamouz » January 21st, 2019, 12:27 pm

he hava buck?

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby K74T » January 21st, 2019, 12:28 pm

Every cent counts

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby Triniak47 » January 21st, 2019, 8:12 pm

Imagine interest of 37% in 4 years. Wish i could get those rates.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby Ben_spanna » January 21st, 2019, 9:47 pm

Diaz US dALLAZ ORE TT paper?

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Re: Junior Sammy sues EMBD

Postby shogun » January 21st, 2019, 9:58 pm

This place is a circus.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby ProtonPowder » January 21st, 2019, 10:55 pm

Set the bid to be break even or a small loss leader, knowing the change orders coming. Then when you get the wuk and the change orders come through, hit their ass for 6 with cost overruns.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby SMc » January 22nd, 2019, 4:58 am

Imagine you owed $82 million and you still not suffering.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby rspann » January 22nd, 2019, 6:39 am

SMc wrote:Imagine you owed $82 million and you still not suffering.



The $82m is the sum owed.How much out of the $150m he already got, you think went towards the actual cost of the work he did?

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby zoom rader » January 22nd, 2019, 11:17 am

Nearly everybody in trini aspires to be a junior Sammy. I guess he gonna buy more flash cars.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby urbandilema » January 22nd, 2019, 11:22 am

Yes ofc
zoom rader wrote:Nearly everybody in trini aspires to be a junior Sammy. I guess he gonna buy more flash cars.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby teems1 » January 22nd, 2019, 11:26 am

How much of this money is going to end up as campaign funds for next year's elections.

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Re: Junior Sammy sues EMBD for $114,345,102.72

Postby The_Honourable » January 22nd, 2019, 11:38 am

teems1 wrote:How much of this money is going to end up as campaign funds for next year's elections.


THIS!!!

So EMBD suing virtually all the other big name contractors for bid-rigging while Sammy suing EMBD for $$$ owed... and does EMBD have the endurance to deal with both?

Only lawyers winning here with taxpayers money.

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