Is a force majeure event a ground for not strictly enforcing a provision of the agreement?

Nation building via learning and being the best in business

State of Calamity nationwide, 9. 1 million Filipinos affected, 178 areas affected

A business protege is encountering a difficulty.  He had a  huge amortization in the agreement due end of July.   However, the initial agreement was  delayed by 3 mos because the father for no apparent reason  said there was not spa signed.  It took 3 mos before he was placated and had conformity to the original agreement.  

Now there is a flood due 3 weeks of incessant rain, and the place of the proejct is unreachable because of the flooding at the expressway on  the way to the project site.  The province is also placed on state of emergency.   

Way back in 1986, I encountered similar problem due to EDSA reb The land owner understood the situation and gave me extension.

The floods, the force majeure made a lot of things more challenging for many entrepreneurs/businessmen

Nation building via learning and being the best in business

                                                             NLEX impassable

                                                        Flooding at Calasiao

This post hates alibis and excuses but really the incessant rain.  One of the businesses being aided complained that many of the things he was to do were not done:

     1.  The expressway, and the province he was operating was flooded;

     2.  Things were not moving:   his bank loan transactions, other agreements, payment of his receivables

          were not moving because people were making excuses too because of the rain;

Buyers, prospects, investors do not come your way because of the bad weather....

The other parties are angry but thats it;   there are acts of God, and you just have to wait it out for the sunny day to come.   On Feb 26, 1986, I went to the land owner of the land we bought on installment which we are developing into a subdivsion, saying we cant pay on the date because of the difficulties at EDSA,  The Chinese land owner embraced me, and thanked me for my honesty and courage, and said they too in the car industry,  laid eggs.   And said things will be all right...

Result of mentoring the sbu yesterday

Nation building via learning and being the best in business

After meeting with the maintenance staff and their contribution to the Product aspect of the marketing plan, this post had one on one with the head.  

We discussed:

     1.  Price increase of up to 20% of products and services.  True mark up  1/ 1 - mu x old price

     2.  Price protect:   privilege card

                Premium  less 10% on product, less 15% on funeral and interment service

                                        loan privileges,  no dp, 0 interest on 1 year term,  0 dp.  Good for 5 years

                                        Maximum of 5 availment for each category

             Value:    

                            One lot    100,000 x 10%                P10,000.00

                             IS             35,000 x 15                        5,250.00

                            FS           45,000 x 15%                       6,750.00

                                               Total                              22,000.00   just for P4,950 initial payment'                                                                                                    THATS 400% BENEFIT                 

                Prime        same as above but price protect for at need (mark up of 30%)  good for 10 years.

                                 Holder can opt to refund, but loses all privileges.    Good for 10 years.   

        3.  Raffle:     sbu raffle of 1% of gross sales:  for 500 plots, for gadgets and appliances

                              2026 1% of sales for 1,200 plots  1 vios.  Toyota.   (Huhulugan ng sbu for one year)

                              One lot                     Pre need         100,000 x 10%     P10,000

                              At need protection                                                          30,000

                               IS plot                                                                            22,000

                                                                                                                      62,000!!!

                             THAT's      X  6X BENEFIT FOR P9,500 PRIVILEGE CARD

                             We have not quantified the value of 0 interest, 5 years to pay, loan privileges

            

300 hectare bamboo plantation in Pangasinan (the biggest in the Philippines?)

Looking forward to the future of business

This shows the seriousness and focus of Pangasinan province to lift agribusiness.   Its just fitting because of reported demand for bamboo in Bayambang, where there is a bamboo factory by a former mayor.

Producing bamboo panels

Looking forward to the future of business

There were several videos this post has seen:   one is CDO, a branch of Vietnamese company, and the other one would be at Pangasinan where you have Saint statue clad with bamboo veneer.  The owner has 5,000 hectares planted with bamboo.  Investing in the future, in sustainable wood industry..