Showing posts with label cost. Show all posts
Showing posts with label cost. Show all posts
Thursday, January 7, 2010
Ministry declines contractors’ claim for Rs17bn
ISLAMABAD: Despite political pressure the ministry of housing and works has declined to entertain over Rs17 billion compensation sought by the contractors’ association due to price escalation of public sector projects saying the claim was neither economically fair nor legally justified.
“The government cannot accept en-block claims for compensation against cost escalations as demanded by the contractors. The payment against such claims cannot be justified under the rules”, Secretary Housing and Works Ahmad Bakhsh Lehri told Dawn on Wednesday.
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contract,
contractors,
cost,
price,
projects,
public sector
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