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Construction companies see uneven recovery as they clear pandemic backlog

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, Jun 2, 2023 · 05:50 AM
    • Contractors that are still completing jobs received pre-pandemic may not be able to pass on their rising costs.
    • Contractors that are still completing jobs received pre-pandemic may not be able to pass on their rising costs. PHOTO: AFP

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    THE revenues of construction companies in Singapore have improved as work has resumed and pandemic-era supply chain issues eased.

    But even so, pre-pandemic contracts and other headwinds have continued to pressure their bottom lines.

    The Building and Construction Authority’s (BCA) tender price index has risen 30.8 per cent between 2019 and 2022. Prices rose a further 3.9 per cent in the first quarter of this year.

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