Committee of Supply 2022 debate, Day 5: Gerald Giam on mitigating rising construction costs
Temporarily increase the Neighbourhood Renewal Programme grants for town councils to cover short-term cost increases. Provide price protections for raw materials for contractors and sub-contractors for town improvement projects. Explore measures to restore confidence among construction firms to relieve the need for "onerous" upfront payment terms. MP Gerald Giam offered these suggestions in Parliament on Tuesday (Mar 8) to "temper" price increases across the construction industry.
Temporarily increase the Neighbourhood Renewal Programme grants for town councils to cover short-term cost increases. Provide price protections for raw materials for contractors and sub-contractors for town improvement projects. Explore measures to restore confidence among construction firms to relieve the need for "onerous" upfront payment terms. MP Gerald Giam offered these suggestions in Parliament on Tuesday (Mar 8) to "temper" price increases across the construction industry.
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