“Local growers are fulfilling their contractual obligations with local sawmills and suppliers – many of which were written well before the Homebuilder boom – but instead of helping these businesses meet their huge increases in demand are preferring to ship their excess stock to overseas markets due entirely to the better profits they can make,” he says.
Dumisani Madi marks 25 years at GVK-Siya Zama
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Dumisani Madi, chairperson at GVK-Siya Zama, is celebrating his 25-year anniversary with the company. When asked about what he most enjoys about working in construction, Madi says that it is to see a building take shape from scratch.
Dumisani Madi, chairperson at GVK-Siya Zama, celebrates 25 years with the company.“I love being involved from the conception and planning stages through foundations to a final product with a lifespan of many years,” he says.
(May 25): Malaysian builders struggling to avoid Covid infections at work-sites have another problem on their hands: surging prices of building materials thanks to the broad commodity boom.
Firms with no cost escalation clauses in their tender contracts are hurting, according to the Master Builders Association Malaysia, which represents more than 1,000 members. It’s now seeking help from the government to shield them from the risk of surging prices.
“Contractors who have previously locked in the building materials prices before this would feel the impact of the price increase now,” Sufri Hj Mhd Zin, president of the association, said in an email to Bloomberg. “The rise in materials costs is not good for the industry, be it manufacturers, suppliers, contractors, developers and the people.”