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CIDB suggesting variation of price clause for govt projects

Copy URL For now, CIDB chief executive Ahmad ‘Asri Abdul Hamid advises contractors to be careful in providing price quotations to protect against price hikes. – The Malaysian Insight file pic, May 3, 2021. THE Malaysian Construction Industry Development Board (CIDB) is recommending a variation of price clause be included for government projects to reduce the burden of contractors being affected by current building material inflation. CIDB chief executive Ahmad ‘Asri Abdul Hamid said including it during the movement control order (MCO) period would also guarantee projects are finished on time. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Jepak Holdings need not pay RM1 65m levy to CIDB | Daily Express Online

Published on: Thursday, March 11, 2021 By: Bernama Text Size: The solar hybrid project is the subject matter of the ongoing corruption trial of Datin Seri Rosmah Mansor, the wife of former prime minister Datuk Seri Najib Tun Razak. (Bernamapic) Kuala Lumpur: Jepak Holdings Sdn Bhd does not have to pay more than RM1.65 million in outstanding levies to the Malaysian Construction Industry Development Board (CIDB) involving a solar hybrid project for 369 rural schools in Sarawak. This was after the High Court here allowed the solar company’s application to set aside a judgment-in-default (JID) order obtained by CIDB for the company to pay the money. 

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