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More construction firms taking on projects below cost
This is to keep their business running, justify sunk costs and channel cashflow to other projects
Published Fri, Jan 6, 2017 · 09:50 PM
Singapore
MORE construction companies in Singapore are taking on projects at thinning margins, often even below cost, just to keep their businesses running and to justify their sunk costs.
They also do this because they need the cash to flow through and finance their other current projects, according to Rider Levett Bucknall joint managing partner Silas Loh.
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