Construction Industry Development Board suggests variation of price clause for govt projects | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

KUALA LUMPUR, May 3 — The Construction Industry Development Board (CIDB), Malaysia is recommending a variation of price (VOP) clause be included for government projects to reduce the burden of contractors being affected by current building material inflation. CIDB chief executive, Datuk Ahmad...

Monday, 03 May 2021 09:37 PM MYT

CIDB chief executive, Datuk Ahmad ‘Asri Abdul Hamid, said including it during the movement control order period would also guarantee projects are finished on time. “This issue will definitely trigger various effects for everyone in the industry during this challenging period due to the pandemic,” he said in a statement today.

A simulation for the price hike showed a 7 per cent increase in construction costs and 15 — 25 per cent decrease in the profit margin for small contractors, particularly.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plantation Industries Ministry mulls setting up timber industry hub in Penang | Malay MailBUTTERWORTH, May 7 — The Plantation Industries and Commodities Ministry (KPPK) plans to set up a timber industry hub in Penang to help resolve the issue of factory management costs faced by industry players. Minister Datuk Dr Mohd Khairuddin Aman Razali said based on the feedback received from...
Source: malaymail - 🏆 1. / 86 Read more »

Minister: Upcoming tyre factory investment to boost Malaysia’s rubber industry | Malay MailPADANG BESAR, May 9 — Malaysia’s rubber industry is set to be rejuvenated with the setting up of new tyre manufacturing operations in the country, said Plantation Industries and Commodities Minister Datuk Mohd Khairuddin Aman Razali. He expressed confidence that the rubber industry would... Tolong sikit So many people changing tyres now because we can travel everywhere we want. Kudos to this backdoor minister and our islamic-malay government. Err we have tyre factory’s already in our country all this while tell something new please ler
Source: malaymail - 🏆 1. / 86 Read more »