Construction Work Halts Due to Soaring Material Prices, Federation Demands Government Action

The Federation of Contractors' Associations of Nepal is demanding government intervention due to soaring construction material prices halting projects. They highlighted issues with the Public Procurement Act, including reluctance to implement price adjustments and contract clauses. Shortages of skilled labor and materials, along with obstructions from local levels, have increased project costs, putting over 31,000 contracts at risk.