29 Jun 2021 / 12:58 H.
PETALING JAYA: The RM150 billion Economic Recovery and People’s Protection Package (Pemulih) may benefit some contractors to some extent, the Master Builders Association Malaysia (MBAM) said today.
This includes the allowance of price changes or Variation of Price (VOP) for government projects following a significant increase in the cost of building materials until Dec 31, assistance for local G1 – G4 contractors to carry out small-scale government projects by conducing lottery and tendering processes, enabling the use of new civil engineering and building as well as electrical work rate schedules, and the allowance of Extension of Time (EOT) or extension of contract on government projects for supply and service contracts affected by the implementation of the Movement Control Order (MCO) subject to contract clause, it said.
Full MCO affects supply chain for construction industry, says master builders association | Malaysia
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
Breakdown in supply chain disrupts construction industry
thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.