Any drastic increase in cement prices will cause massive losses, warns the Bumiputra Contractors Association Malaysia.
Azman Yusoff, president of the Bumiputra Contractors Association Malaysia, said Bumiputera contractors depend largely on fixed-price government contracts for the construction of schools, hospitals, health clinics, police stations, and fire stations. The association said drastic government intervention was needed and called for discussions through the domestic trade and consumer affairs ministry and the finance ministry.
Jamaludin said some companies which have already finalised their tenders for their projects may have difficulty proceeding, as they would have to absorb the extra costs.
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