The joint provisional liquidators appointed by the Supreme Court to oversee the liquidation of Baha Mar and to "promote a scheme of arrangement and/or compromise with all stakeholders" have confirmed that China Construction America (CCA) has completed a preliminary analysis and assessment of the work necessary to complete the project.

Edmund Rahming of KRyS Global made the confirmation in a communication with Guardian Business.

"A preliminary assessment has been undertaken, and the output is being considered, along with a number of other key issues, by the stakeholders," he said.

Guardian Business first reported that CCA was back on the premises to conduct the assessment in September, when CCA Senior Vice President Daniel Liu revealed that the contractor had been asked to conduct an assessment which included each room, every public space and all the systems in the resort. He said the assessment would result in a timeline and approximate cost to complete the resort.

The CCA assessment is critical because, as Rahming put it, whatever reprieve there may be with respect to the massive job losses suddenly announced last Thursday will come when the project opens, "and finding a way to make this happen is our focus".

Rahming spoke with Guardian Business after the liquidators announced the redundancy of 2,020 people effective Friday. The announcement came without warning, and without any caveats either. Rahming also addressed the observation that the redundancies do not bode well for the negotiations.

"The redundancies are an economic requirement, given limited available cash," he said.

"Negotiations are ongoing but perhaps not speedy as we would like. A substantial amount of money is required to finish the project, and the stakeholders want to ensure that any further capital is deployed appropriately - this is a complex project after all - the goal for everyone is to get the project completed and opened.

"The way to get people back to work will be for the project to open and discussions continue with that in mind," Rahming said.

Given the fact that the financial situation is so dire as to require the redundancy of the 2,000-plus people who were let go, Rahming addressed the likelihood that the resort will be able to restaff anytime soon.

"The restaffing exercise will occur once a new opening date has been agreed and this is the subject of the ongoing stakeholder discussions," he said.

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