[Sent on 30 Nov 2022] Circular on Ex-Gratia Cost Sharing and P | BCA Singapore
[Sent on 30 Nov 2022] Circular on Ex-Gratia Cost Sharing and Price Fluctuation for Structural Steel in ongoing Public Sector Construction Contracts
Government Procuring Entities (GPEs) will allow a one-off ex-gratia cost-sharing and material price fluctuation for structural steel for ongoing public sector construction contracts in view of the elevated prices arising from unprecedented circumstances.
This ex-gratia scheme covers: ongoing public sector projects that are awarded before 1 Jan 2021 with estimated structural steel usage of 500 tonnes or more price fluctuations for the period between 1 Jan 2021 and 30 Sep 2023
Eligible contractors can approach their public sector client to apply for this ex-gratia scheme.
Parties in private sector contracts are encouraged to make reference to this circular and include cost sharing and price fluctuation arrangement for structural steel in ongoing or new contracts, where appropriate.
For more details, visit: BCA Circular
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