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| OVERVIEW |
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Enhancement of Allowable Range of Contract cost and Work Ceiling (12 Nov 2009)
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The 52nd Meeting of Construction Development Board held on the 14th September 2009 has enhanced the Allowable Range of Contract Cost as follows with immediate effect:
- Class A - The allowable range starts from Nu. 19.0 million with no upper ceiling. They are allowed to undertake five works at a time as before subject to meeting the bid capacity criteria.
- Class B - Above Nu. 9.0 - upto 19.0 million and allowed to take up four works at a time subject to meeting the bid capacity criteria.
- Class C - Above Nu. 2.0 upto 9.0 million with three works allowed to be undertaken at a time subject to meeting the bid capacity criteria.
- Class D - Upto Nu. 2.0 million with no change in the number of works. (i.e only one work is allowed to take up at a time)
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