Inflation: Stakeholders Urge Review Of Construction Contract Templates

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Inflation: Stakeholders Urge Review Of Construction Contract Templates

« on: March 01, 2024, 07:00:11 am »

Inflation: Stakeholders Urge Review Of Construction Contract Templates

Federation of Construction Industry (FOCI) has asked the federal government to conduct a comprehensive review of existing contract templates and procurement guidelines to incorporate flexible provisions for addressing inflationary impacts on materials costs. The federation lamented the exorbitant inflation of construction materials, including cement, steel, gravel, and asphalt, which has significantly escalated project costs, rendering […]

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