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

Published Wed, Apr 1, 2020 · 09:50 PM

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.

Contracts covered by the Bill include construction projects, commercial and industrial tenancies and individual consumer transactions such as bookings for events, MinLaw said in a press release on Wednesday.

It will prohibit contracting parties from taking certain legal actions against parties that fail to perform their obligations, inclu…