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.
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