You are here

Demand down, costs up, but builders will rein in bids

Contractors have to fill order books but are unable to pass on additional costs of measures to ensure safe workplace

Tender prices for new projects are estimated to rise by as little as 6 per cent as contractors compete to secure new projects, say consultants.


SINGAPORE contractors are facing a double whammy – plunging demand due to the Covid-19 pandemic while needing to fill their order books but without being able to pass on all the additional costs of measures to ensure a safe working environment.

As such, tender prices for...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to