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



How to do Eat Street the right way

EVERYTHING you need to know to get the most out of your Eat Street experience and to avoid a food coma when you’re only one stall deep.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Excitement builds for multi-million dollar Tannum village plan

TOUGH SLOG: Gladstone's much-loved seniors are being forced to re-locate, away from Gladstone.

'EXCELLENT response at meeting for new Tannum village plan.

BOM, storm chasers: Rain to intensify from Sunday

RIDGE building up along Gladstone's coast to bring days of rain.

'Cut in half': Local pollie to lose crucial Gladstone town

CHANGES: What the Gladstone electorate could look like under the proposed changes.

AFTER YEARS of fighting for a Gladstone town, he may lose it.

Local Partners

Living End, Grinspoon stars hit stage for American Idiot

GET a sneak peek at Green Day's American Idiot The Musical as we go behind the scenes to meet the stars at a QPAC rehearsal.

Samuel L Jackson dismisses La La Land ahead of Oscars

Ryan Gosling and Emma Stone in a scene from the movie La La Land.

Hollywood actor and Oscars voter says Denzel should win top gong

Live performance of Sci-fi classic to open Science Festival

Qld Symphony Orchestra perform live to 2001: A Space Odyssey.

Festival will host A Live Presentation of 2001: A Space Odyssey.

Former Family Matters stare accused of child abuse

Reginald VelJohnson, left, and Darius McCrary arrive at the TV Land Awards on Sunday, April 19, 2009 in Universal City, Calif.

Darius McCrary has been accused of child abuse

Bindi Irwin's birthday tribute to her dad

Bindi Irwin

Bindi Irwin has paid tribute to her dad on his 55th birthday

Reality TV show gives Maryborough a boost

*WARNING EMBARGOED until 9.15pm Monday January 30* Sean Hollands and Susan Rawlings pictured after their wedding on the TV series Married At First Sight. Supplied by Channel 9.

Maryborough looks good on reality TV show.

72 hours of things you can't miss in the Gladstone region

The Screaming Jets are making their way to Gladstone in 2017.

YOU CAN'T miss these things to do in the Gladstone region.

Gladstone's 20 cheapest properties on the market, all under $150K

DIRT CHEAP: 5/239 Sun Valley Rd, Kin Kora is selling for $140,000

PROPERTY sellers drop prices as houses and units sell for bargains.

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Ready to SELL your property?

Post Your Ad Here!