04/02/2004 16:21
At a Press Conference held on Wednesday, Chairman of the Contractors Association, Demetris Sampson warned that the “increasing cost of constructions might be a disincentive” for the citizens and might affect negatively the island’s construction industry.
It is noted that according to the contractors’ representatives, there will be an increase of 5% - 8% in 2004 against 2003, but this by no mean will reach 15%. This increase is attributable to the price hike in row materials, the increase in labour cost and the low productivity.
It is noted that according to the contractors’ representatives, there will be an increase of 5% - 8% in 2004 against 2003, but this by no mean will reach 15%. This increase is attributable to the price hike in row materials, the increase in labour cost and the low productivity.
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