DPM: Contracts will be revised for rising prices
KUALA LUMPUR: Existing government contracts will be revised to take into account the rising cost of construction materials, Deputy Prime Minister Datuk Seri Najib Razak said.
He said details on the revision would be contained in circulars to be issued by the Finance Ministry soon.
"This is another effort by the government to help contractors by reviewing the old prices quoted in the contracts.