VOP and EOT should also be applied to projects in private se

VOP and EOT should also be applied to projects in private sector: MBAM


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.

Related Keywords

Malaysia , Petaling , Malaysia General , , Movement Control Order , National Recovery Plan , Master Builders Association Malaysia , Construction Industry Development Board , Economic Recovery , Protection Package , Tan Sri Sufri Mhd Zin , National Recovery , Temporary Measures , Coronavirus Disease , மலேசியா , இதழ்கள் , இயக்கம் கட்டுப்பாடு ஆர்டர் , தேசிய மீட்பு திட்டம் , குரு பில்டர்கள் சங்கம் மலேசியா , கட்டுமானம் தொழில் வளர்ச்சி பலகை , பொருளாதார மீட்பு , ப்ரொடெக்ஶந் ப்யாகேஜ் , தேசிய மீட்பு , தற்காலிகமானது நடவடிக்கைகள் ,

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