Contractors Crushed by Soaring Prices
Monday, 26 September 2022
Contractors of infrastructure projects demand cost and contract adjustments as material prices escalate. There are risks, from a drop in quality to stalled projects.
BASUKI Muchlis’ invitation for an online meeting on Tuesday, September 20, had an important agenda. Basuki, Executive Director of the Indonesian Contractors Association (AKI), invited AKI’s members to gather data and set up equations for their current contracts and infrastructure projects.
The meeting took place two days after the invitation was sent. Basuki told Tempo that if the construction contracts are not adjusted, those contra...
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