2nd July 2007
This is for general information of all concerned that, in light of the practical difficulties associated to check or assess the present maximum financial ceiling on allowable contract range for class B and C category of contractors, the Construction Development Board, during its 46th. Board Meeting has decided to increase the financial ceiling to three times the existing ceiling as the upper limit for above categories of contractors. Therefore, class B and C contractors can now continue to bid for three number of works simultaneously, with maximum financial ceiling not exceeding Nu.45million and Nu.22.5 million, respectively.
Procuring agencies and construction firms registered under category B and C are therefore, requested to note the above, which comes into immediate effect.