Construction Entrepreneurs Face Crisis Amidst Rising Costs

Construction entrepreneurs are facing a severe crisis due to rising petroleum product prices, with demands for price adjustments in contracts and deadline extensions unmet. Federation President Nicholas Pandey highlighted that unlike other sectors, construction entrepreneurs have not seen rate increases in new or old contracts, leading to significant financial pressure and potential collapse of thousands of contracts. Secretaries Gopal Sigdel and Sarita Dwadi acknowledged the complexities and limitations of the government mechanism in addressing these issues, while discussions on amending procurement regulations are ongoing.