IBCM files lawsuit against joint venture - KUAM.com-KUAM News: On Air. Online. On Demand.

IBCM files lawsuit against joint venture

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by Nick Delgado

Guam - International Bridge & Construction Marianas, Inc. has filed a lawsuit against a joint venture alleging the companies have refused to pay more than $2,000,000 for equipment rental and quarry materials. IBCM filed the suit in the District Court asking a federal judge to order International Bridge Corporation and TOA Corporation to pay the $2,700,000 it's owed for providing equipment and quarry supplies.

IBC and TOA created a joint venture to take on the $84 million dollar kilo wharf extension project at the naval base. IBCM contends it provided rental equipment and quarry products as outlined in agreements but $2,000,000 remains unpaid, despite several demands for payment.

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