Desmond Lee on COVID-19 (Temporary Measures) (Amendment No. 3) Bill
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Desmond Lee on COVID-19 (Temporary Measures) (Amendment No. 3) Bill(Updated: )
Firms can apply to change the sums initially decided in their contracts to cover the added costs stemming from the COVID-19 pandemic, under a proposed emergency law to help construction companies deal with higher manpower costs. A registrar and assessors will be appointed to manage and adjust the sums requested. National Development Minister Desmond Lee, who highlighted the key features in Parliament on Tuesday (May 11), said this will ensure that the risk and cost burdens are shared more equitably among contractors, developers and buyers.