Apparently you're the one who has no idea about payment process of leading international companies as per their contracts & projects cash flow. Any international contracting company have & will maintain executing projects for government entities like QP, Qatar foundation, the private Engineering office or Kahramaa.
What happened to Billfinger is that they underestimated the cost for the given project & quoted low without evaluating the prices of local subcontracting companies . Off course they were paid as per the completed work. However, the work was never completed although the contract end date have reached. Which makes Ashgal entitled to applying penalties. I can't blame them alone though as they had to deal with Ashgal...
Fubar, UDC is the main developer & the only Qatari Firm. As far as i know, other developers like First Qatar & Sabban are none-Qatari contracting companies
Apparently you're the one who has no idea about payment process of leading international companies as per their contracts & projects cash flow. Any international contracting company have & will maintain executing projects for government entities like QP, Qatar foundation, the private Engineering office or Kahramaa.
What happened to Billfinger is that they underestimated the cost for the given project & quoted low without evaluating the prices of local subcontracting companies . Off course they were paid as per the completed work. However, the work was never completed although the contract end date have reached. Which makes Ashgal entitled to applying penalties. I can't blame them alone though as they had to deal with Ashgal...
Fubar, UDC is the main developer & the only Qatari Firm. As far as i know, other developers like First Qatar & Sabban are none-Qatari contracting companies