There was a project referred to us in resort town in Central Luzon We were into it for almost a year. Some difficulties were: right of way, conversion since the land seemed to be irrigated. The right of way which we wanted to have to make the project more impressive direct from the highway was not obtained. We got secondary ROW that were crooked going to the barangay road, and which would cost us at least nearly 10 million. Before proceeding any further, we wanted NIA to clear the project for conversion.
However it was not easy. And the other party who are mostly single 40ish working for the BPO, OFW were not patient enough: said in DM that the sharing was not OK and later a dare to forget it.
The opinion of our board and executive officers is that they are not ready for long term relationship and that we should agree to their challenge.
One less project to worry about.
It is not just about the numbers that count. It could have been a profitable JV. But the comfort level with people you are going to work with
You really learn a lot from business deals and from people you meet
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