Monday, 17 January, 2022
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FBCCI for price verification clause in govt tenders

FBCCI for price verification clause in govt tenders

The standing committee on construction of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have suggested for a price verification clause in the government tenders.

The members of the FBCCI standing committee came up with the suggestion at a meeting held today at its office. Md. Jashim Uddin, President of FBCCI, presided over the meeting.

The committee members proposed that after 56 days of the deadline, interest can be charged for late payment. At the same time, the members of the standing committee urged to discourage the participation of foreign companies in the government infrastructure projects, said a press release.

The release said the construction sector is in difficulty due to the price hike of construction materials.

The price of rods, stones, bricks, sand, thai-glass, aluminum products, SS pipes, indoor fittings and other construction materials have risen 20 to 25 percent in the last 4 to 5 months.

Speakers at the meeting said that due to the recent price hike, it is not possible to complete the construction work as per the pre-agreed price. In addition, the government's fiscal policy, including AIT and VAT, is often changed after tenders are submitted.

FBCCI President Md Jashim Uddin said most of the projects in the country are being implemented through foreign companies.

"As Bangladesh becomes a developing country, it needs to increase its reliance on local construction companies. FBCCI would take maximum initiative for the progress of local organisations," he added.

FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, Vice President Md. Aminul Hoque Shamim, Director Rejul Kariem Rejnu, and Director in Charge of the Standing Committee Engineer Ghulam Md. Alomgir, Chairman of the Committee and Chairman of Spectra Ltd. Engineer Khan Md. Aftabuddin, Co-Chairmen Engineer S.M. Khorshed Alam, MD of Dienco Ltd., Md. Abdul Jabbar, MD of DBL Infrastructure Ltd. Engineer Shafiqul Haque Talukder, MD of Starlite Services Ltd., Enayet Ullah Siddiqui, MD of Jams Infrastructure Ltd., and Members of the Standing Committee Engineer Rabiul Alam, CEO, Energypac Engineering Ltd., Rizwan Mustafiz, MD of National Development Engineers Ltd., Ahsan Khan Chowdhury, Chairman, Pran Group, Engineer Sagar Krishna Chakraborty, MD of Engineers & Advisors Ltd., Engineer SK. Masum Md. Salahuddin, Director Operation, SARM Associates Ltd., Bimal Chandra Roy, MD of Next Spaces Ltd and Captain Hasib, CEO of Future Infrastructure Development Ltd. were also present at the meeting.