Thursday, June 24, 2010

Works Minister on why the cost has doubled

So, the Rm 400 million direct negotiated contract was awarded by the Government, and was accepted by the contractor after a long process of negotiation between a team of Engineers, Quantity Surveyors, Financial Officers and the Contractor without anyone of them realized that the contract figure that the whole group of professionals have been discussing for months was based on 1986 construction cost. And now everybody agreed that the cost should be Rm 812 million after the project is half-way through.

No comments: