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Hundreds contractors of government project will be collaps

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Hundreds construction company as a projects partner for local goverment of Jakarta may be will collaps caused by the price increasing between 20 -30 percent of expenses material to finish their projects currently.

The increasing of oil price in the world at this moment also has been influence to our domestic fuel price and it has been impactly for the local government of Jakarta to decrease their projects budgeting.

This condition also will be impact directly and very significant to the contractors who handle the government projects. The contractors will be loss or collaps if the projects still continue with no price adjustment for the material (escalation material).

Actually, the government of Jakarta, Fauzi Bowo was agre to giving some compensation for the contractors to adjusting their price of material between 10 – 20 percent increase, but it will be depend on the central government decision.

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