The main construction of the chemical project was completed, after which work came to a halt for over 4 months; they claim to be purchasing equipment – is this company a scammer?
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There is a newly established chemical manufacturing project in the local area; construction of its main facilities was completed, but work has been halted for over 4 months with no resumption of activities. The company claims that it is still purchasing equipment – is this company a scammer?
Not necessarily! There are various factors that can lead to the suspension of construction after the main project has been built. For example, it might be due to the failure to receive a certain key long-cycle equipment (instrument) needed for the joint commissioning; changes in the market for products (raw materials); changes in the company’s business strategy; issues with the funding situation; or unfinished approval procedures for production operations, and so on.
Apart from equipment issues, it could also be a matter of procedures
Under the current management regime, the requirements are still relatively strict; it’s very likely that the necessary procedures have not been completed.
Waiting for equipment, waiting for procedures, waiting for funds, and so on
Keep it secret; it’s normal in this competitive society, right?
The second floor covers it more comprehensively. There is a high possibility of construction taking place without approval, especially when there are environmental issues
Not necessarily; once the physical progress of the civil works is known, only about 30% of the total work and tasks for the project have been completed, as there are still many things and procedures to go through
I agree with you; it’s still early for the main infrastructure of a project to be completed, but it’s more likely that the necessary procedures are not in place
The most likely reason is a lack of money; if considering a partnership, it is advisable to be cautious