Contract relief proposal a big help for construction, but costs still key worry

Singapore

CONTRACTORS say the upcoming relief Bill will be a big help but they continue to worry about costs as projects slow down or come to a stop because building materials have run out.

The Ministry of Law intends to introduce the Covid-19 (Temporary Measures) Bill in Parliament next week. The Bill aims to offer temporary relief for six months to businesses and individuals who are unable to fulfil their contractual obligations.