“Manpower, material — constraints behind building cost spike costs lke the levy, accommoda- This has delayed Ce eseaoeene ton food expe, oerine projects and hit Petia 9 testing and other safe management measures are fae: cash flow forfirms ——sranpower and bilaing mater toned in. stunderstancs. ' i costs in the construction sector "Workers eoming IMC Singa- inthesupplychain ive spieasanee the Conds pore must-algo serve & sty Pandemic began, delaying prov home notice at dedicated fact Jectsand hitting the cash Now fortes that thelr company has tO ‘companiesinthesupplychain. payfor Hereare themain costs compa: lesare grappling with Semoncnarenns U sauames Prices or ey Dlg serie such as steel, copper and ali: Before the pandeme, a baste ininluin have shot up since Skil worker eamed spout Marelasyeorduetosipey cone S800a month Thestrats Times Sains Sndersands”highersled "harm, executive dec Workersermea 2600, tarot BRC Asi aida dopinpo- ‘Dut there hes been a shortage duction In Chia a8 lockdowns ofwortesovertepastyeargue hampered supply, together wih forighter border rules and safe ring bel demand has pushed ‘Panagement measures Drcestorecorhighs rman wih workers el for example as sige whowe Work permits Have‘ex: by almost 40\per cena tonne Dred havealsofaceddifcuies sce ety lat year, noted th Fenowlngthem, Buling and Construction AL Aare ies have gone footy ny upbyibpercenteosopercentas "Ava vesuk, material cost for ompantescompetefora Shrink: steel rear have shot up 84 per ingpoolof manpower, aching cent aluminium by 59 pe cent woskers win the promise of copper by Sl per cee snd cok higher pay has betome more crete by mote than 29 per cent, common Sceoedngtosea sans fr : "he Sigapore Contractors As- “other materas such as «= Sects nthe sociation cab saldthataverage ment, granite, sand and ready | Senacton ‘cage cots fe gone ps6 per made Concrete have ser Be sect tae ont compared Sith prespawe ‘ween dpercemandlopercent greeny demictimes | Voortertto Soper cane 2 A suvome arate 2 roreicnwoeesn tenes mote singapore imports most of it Contractors are also feeling building materials. A backlog in the pinch from foreign global deliveries caused by the worker levies, which range closure of several key Chinese from $300 to $950-a port terminals has driven up month, depending on a freightrates,said MrMick Aw, workers Skill level. The levy re-nior adviser at consulting firm bate for eligible building work More Stephens. ers rose from $90 amonth be- These disruptions have re- Fore May to $250 for the perlod sulted ina shortage of ships and between Mayand theend of De- containers, exacerbating cost cember. pressuresen construction compa ‘Han Beng executive chairman _nieshere. ‘ng Pang Acsaid that while the Freight rates from China to Eu- rebateshavehelped,theGovern- rope have already doubled since ment should keep lowering the the middle of last year, while levy until the Industry recovers, rates between Asia and the tovoffset the’ steep rise in United Sates are up by 400 per 'A worker's remuneration could be double his basle wage once