Tuesday, April 12, 2011

Compensation

There have been some communication to us about the compensation. There appears to be confusion here and we would like to explain what is happening.

The completions process, as we have explained before, involves both buyer and Tecnicil having to jump through certain hoops at certain times. What we have explained clearly several times is that if a buyer simply does not complete then we have to begin reducing the compensation. It is VITAL that you communicate with us at Tecnicil. We have seen that it is not always very efficient to limit yourself to writing to the lawyers. They have their hands full and may not communicate with Tecnicil in a timely fashion.

As the resort is now ready and 99% of the units have been released for snagging, all clients who have purchased with us and intend to complete should be in dialogue with us regarding this. Once the compensation levels begin to reduce they can not be put back.

So if you have issues that you feel have to be resolved BEFORE deeds you need to contact us urgently so we can discuss this with you.

I hope the spelling is better now!


15 comments:

  1. Can we have an update on when we can expect payments for being in the rental pool, i have sent emails but i am not getting any response.

    ReplyDelete
  2. Hi there,

    i am one of those affected by this compensation and despite trying to contact you numerous time and through numerous people no-one is willing to return my calls or emails. Could you please provide and name and email address of someone i can contact directly regarding this please.

    I feel i have more than jumped through hoops but feel i am now at a standstill through not fault of my own.

    Reed

    ReplyDelete
  3. hi i have purchased on canna and piad in full on time in 2009,i have e mailed all concerned and have not recieved a penny compensation... why is this ... who am i supposed to e mail next to get this resolved ... my compensation is now 18 months overdue and it would be fair to expect it with interest

    ReplyDelete
  4. Why is compensation not being paid until 28 days after notification of deeds as per the contract and your previous blog posting. Tecnicil moving the goal post yet again!!!!!!

    ReplyDelete
  5. Is anyone responding to the blog or is it going the same way as clients unanswered e mails ?

    ReplyDelete
  6. I have been urgently trying to get your attention for approx 8 months with promises from you to work with me on the completion process but no action from you other than to reduce my compensation by €5,000 so far. It is not fair to reduce compensation under this scenario.

    ReplyDelete
  7. Quando é que vão inaugurar isto pá? Totuga já vos passou a frente.

    ReplyDelete
  8. i have not yet received an answer regarding payments for being in the rental pool, i have sent personal emails but still no response

    ReplyDelete
  9. Hello, some payments from the rental pool have suffered delays. We will be contacting ALL affected clients in the next few days to apologise and explain what is happening.

    ReplyDelete
  10. We are hoping to have the site launched for the summer. Keep an eye on the Blog.

    All compensation issues can be addressed to Iain or to Nuno.

    ReplyDelete
  11. Tecnicil just change the position to suit themselves, what happened to compensation being paid 28 days after notification of deeds in line with the contract and as specified on this blogsite.

    Tecnicil are behaving like MRI by the day You have held our payments for over two years the delay in building was down to your incompetence. Your buyers deserve more !

    ReplyDelete
  12. any response on the blog or should we continue to be ignored by Nuno. Can you kindly advise on the blog why compensation is not being paid 28 days after notification to go to deeds as per the contract and your previous blog comments.

    I'm sure there are many purchasers would like to know this, so a blog response would be better than numerous unanswered e mails

    ReplyDelete
  13. We still have no ETA on the rental payments. As to Tecnicil behaving like MRI, it's touch to know what to say. Clearly we have missed every deadline possible and have reducd staff to a level that makes customer service almost impossible.

    In the next few days we will publish ALL relevant contact information within Tecnicil so you can address your issues directly to the relevant members of the board.

    ReplyDelete
  14. Ok, why does Tecnicil not pay the compensation as the contract states? This appears to be a thorn in everyone's side. Essentially Tecnicil's cashflow has dwindled to nothing. Any money from completionson Vila Verde is taken by BES - Tecnicil can not even touch it. This leaves the only means of income for Tecnicil come from other activities in Cape Verde, such as the sale of land in Praia and other parts of Santiago island.

    The 28 day compensation issue should have been explained, I imagine. They just shifted policy and then expected the commercial department to communiicate this shift in policy. It was ham fisted although the attitude is that the clients will understand that they should be happy to get less than they are entitled to as oppose risk not getting their apartment if they don't complete.

    This is similarly true of the rental return. No one has been paid yet the idea is that we shall communicate on a case by case basis that the outstanding monies will be paid out next year! So we have refused to do this and the silence builds while the money is not paid over.

    ReplyDelete
  15. It appears everyone has given up bothering to write anything on here as it never gets you anywhere. When Tecnicil do bother to respond, it all lies.

    ReplyDelete