{"id":483666,"date":"2022-04-11T10:44:57","date_gmt":"2022-04-11T05:14:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483666"},"modified":"2022-04-11T12:03:16","modified_gmt":"2022-04-11T06:33:16","slug":"as-prices-skyrocket-contractors-seek-more-funds-for-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-prices-skyrocket-contractors-seek-more-funds-for-projects\/","title":{"rendered":"As prices skyrocket, contractors seek more funds for projects"},"content":{"rendered":"<p>Following a marked increase in the price of construction and other materials, contractors have sought the government to revise project costs commensurate with the rise in prices. <\/p>\n<p>Though the government has hiked project costs by 12-14% &#8211; for the first time in three years &#8211; contractors contend that the increase was inadequate and calculated on six-month-old prices.<\/p>\n<p>Speaking to DH, D Kempanna, president of Karnataka State Contractors\u2019 Association said that many contractors were facing problems due to increased prices. \u201cThere is a clause in all tender agreements which provides for any rise in prices. But, it covers only three items &#8211; cement, steel and asphalt,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a marked increase in the price of construction and other materials, contractors have sought the government to revise project costs commensurate with the rise in prices. Though the government has hiked project costs by 12-14% &#8211; for the first time in three years &#8211; contractors contend that the increase was inadequate and calculated on six-month-old prices. Speaking to DH, D Kempanna, president of Karnataka State Contractors\u2019 Association said that many contractors were facing problems due to increased prices. \u201cThere is a clause in all tender agreements which provides for any rise in prices. But, it covers only three items [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,178],"tags":[],"class_list":["post-483666","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-roads-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=483666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}