$400k settlement with TJI
(CNS): Government has settled its disputes with the original general contractor on the public high school development projects.Tom Jones International has been paid just $400,000, the education minister stated. Speaking in the LA on Monday, Rolston Anglin said the money was simply to cover the costs of the use of equipment which the firm left on site. He said that TJI had made claims of some $25 million, so it was a settlement of “sum zero” to CIG, especially as government did not think TJI had enough assets to cover the costs of the legal proceedings even if government won the courtroom battle. Anglin said the settlement did not represent an admission of wrongdoing by either side.
CIG will also keep over CI$5.5 million dollars which was earned by the contractor TJI, during the construction project but held by tgovernment until completion of the project.
He said that a full joint press release would be issued later on Monday but, given the circumstances, government did not feel it was worth pursuing the actionagainst the contractor that walked off the site in November 2009 as there was no money in the firm to recover.
CIG will also keep over CI$5.5 million dollars which was earned by the contractor TJI, during the construction project but held by the government until completion of the project.
The revelations that TJI Ltd had no assets is ironic as it was the general contractor’s position that it had walked off the schools job sites because it did not believe the Cayman government had the money to pay the school bills. TJI and CIG were in dispute over numerous issues, from claims of overruns by the contractor to withheld payments and the contractors failure to fulfill the contract.
See press release from the education ministry below.
Category: Local News
PPM has 15 people running on their ticket! Correct? For them to make up the Government in the LA, they will need that amount of votes! Correct? Well, hear this, I hope they are talking up some of those C4C or some of the other independents or have them on standby. West Bay nah voting for no PPM. Never did, never will. Down ya in the west we are strictly UDP! Got it? That being said. None of the 4 wannabe's that are running on the PPM ticket are going any where so they will not make up any number in the LA for the PPM. Sorry guys! Don't even know some of you and further more, "Way unna come out from all of a sudden?"
In an 18 Member LA, you need 10 votes to get things done.
It still boggles my mind why they went with 18, it makes it too easy to have a deadlock vote.
Why not 17, or better yet, 11
What are the legal costs to get the CIG to this point?
How can Rolston say it is "sum zero" when there are legal costs involved, plus any increased costs associated with bringing in a new contractor to the site, financing costs due to delays, and all the other stuff that relate to firing TJI.
Now that we have heard the CIG side of the story can a TJI guy tell us what the real truth is? Not that we don't want to belive in CIG but really! How can anyone? And more important why should anyone?
I guess that $400K buys their silence. Funny thing tho – the argument that CIG would have won, but if they had TJI couldnt pay – so rather than get TJI thrown out of court by demonstrating they could not pay for the costs of defence if they lost, CIG decided to give them $400K to go away instead. Hmmm.
Paid "just" $400,000!!! – just – almost half a million dollars. I wish someone would pay me jsut almost half a million and watch me manage it to the end of my days. And what is worse that it my money – mine and yours – all of ours – another half a million wasted because of incomptency. Plus legal costs. Exactly how much have these utter idiots wasted in the past 4 years?
Hey look at the bright side it was one million eight hundred less than GLF.
and the payoff's continue.
meanwhile, no jobs.
and we keep the intellectual property…….zzzzzzzzzzzzz
bye bye rolstin….may soon come….
CNS, How much did the government spend fighting this case? How much extra did the government spend on the new construction team to finish Clifton Hunter? How come John Gray is still not finished?
It was more important to buy votes by bringing back the reception class in all government schools. Free pre-K for all can do that. Those new facilities cost a bundle.
If you want to know, just file a Freedom of Information request.
It has no assets, yet it has equipment with a rental value of $400,000??
Does Rolston ever admit to wrongdoing?
Not when a trip to Brazil is an option.
Ha! When you deal with the devil, you get short-change.
The fact that the John Gray highschool remains mothballed tells the true story on this issue.
When the PPM backs out of the road swap deal as promised and Dart asks for repayment of the money they spent building the road as his part of the deal, I wonder if they will think he won't have the money to cover the cost of legal proceedings.
The PPM has not stated that they will back out of the road deal. They will, however, negotiate, which is what the UDP failed to do for years and UDP Lite is only doing now that an election is immenent.
When did PPM promise to back out of the road deal?
This story had nothing to do with the PPM.