The difficult situation in the construction of petrochemical projects
Thread Content
With the continuous rise in labor and machinery costs, and the lack of timely adjustments to pricing standards, the construction industry is facing increasing operational risk challenges. The delayed arrival of drawings and construction materials and equipment kept prolonging the construction period. Meanwhile, the owner insisted that the back wall not be demolished; as a result, it was necessary to assemble a large number of workers temporarily once the materials arrived to carry out rush work, which in turn increased the challenges related to construction quality and safety management. If this pattern continues, the only construction companies that will remain in the country will be some flexible private enterprises and individuals.
Indeed, there are many currently operating under affiliation or through private contracting.