Free weekly newsletter
Get the free weekly contract digest
The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
Weekly Digest
New new contracts, summarized for you
Straight to Inbox
No login, no app to check — it comes to you
Contract Trends
See who's moving and how much in your market
No credit card required Weekly contract digest
EMBD ordered to pay $83m to Junior Sammy Contractors Ltd for residential development work
Oct 30, 2024•over 1 year ago
Contract Type
contract
Description
The Privy Council has ruled that the Estate Management and Business Development Company Ltd (EMBD) must pay $82.8 million plus significant interest to Junior Sammy Contractors Ltd (JSCL) for residential development work in central Trinidad. This decision follows legal disputes over a contract for the Caroni Savannah Residential Development, awarded to JSCL after the termination of the initial contractor and subsequent appointment by EMBD.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months