Business

Engineering group lodges legal action over WICET

ENGINEERING group Monadelphous is taking legal action over a dispute with the owners of the Wiggins Island Coal Export Terminal in Gladstone.

The group says it has not been paid property for work at the terminal, and it has accused the project owners of unfairly taking almost $20 million.

Monadelphous says it will launch legal action against the owners of WICET over the "unwarranted and unusual" withdrawal of $19.46 million in bank guarantees provided by the engineering firm and its partners.

"Having taken advice, Monadelphous intends to promptly initiate legal proceedings to recover monies called by WICET, and seek appropriate damages," Monadelphous said in a statement to the ASX on Thursday.

Monadelphous has been involved in the construction of the terminal since 2012, tasked with constructing the approach jetty, ship berth and shiploader.

It has lodged claims with the project owners and Queensland's Building and Construction Industry Payment Agency for additional payment.

It says the payment claim relates to changes in the scope and nature of the work it was required to carry out.

The statement said WICET had provided the group with notice that it intended to obtain the payment of monies WICET
alleged it is owed, based on a number of backcharges and deductions lodged with the group.

Monadelphous did not consider WICET's backcharges and deductions to be valid. 

Topics:  coal, gladstone harbour, monadelphous, wicet




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Barmaid caught with pot plant 'gift' in Central Lane flat

Charlie Wells was caught at home with ice.

SHE told police she lets friends use drugs in her Central Lane flat.

Anger in Gladstone as 20c hike brings fuel price nightmare

Auckland St's Caltex.

Oil prices have rose to the highest in seven months.

Gladstone businesses to plan for rainy 3 months

There is a 25% per cent chance we will receive between 200mm and 300mm from June to August.

GLADSTONE business to make plans based on "climate outlook".

Latest deals and offers

Jack Pellow sings From Eden

The Voice Australia coaches, from left, Benji and Joel Madden, Delta Goodrem, Jessie J and Ronan Keating.

Jack Pellow's blind audition for The Voice 2016.

Jordy Dunnett

Jordy Dunnett said he will spend his $500 gift on some items

Jordy is a great boxer looking at big things as he matures

Barnaby Joyce talks Johnny Depp's dogs in Tweed

Deputy Prime Minister Barnaby Joyce talks about Johnny Depp's dogs Pistol and Boo...

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Gladstone's 10 cheapest houses for sale

ALL of the houses are selling for well under $200,000.