Gov’t agrees to implement VOP - Finance Minister II

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Bernama News

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KUANTAN: The government has agreed in principle to implement the Variation of Price (VOP) to help contractors faced with rising costs of construction ...

: The government has agreed in principle to implement the Variation of Price to help contractors faced with rising costs of construction materials due to the recent targeted diesel subsidy to ensure projects are completed on time.

“Discussions have begun... we just had a discussion last week, so give us some time. We understand that when we had the targeted diesel subsidy, there might be some increases felt by contractors for existing costs. On whether the government will include more construction materials for the VOP, he said the government in principle will provide VOP if there are justified increases but it required fine-tuning and validation with the CIDB.

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