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Contractor costs on the rise
- Wednesday, September 19 - 2007 at 10:52
A new study by management consultancy Contax Group has found that contractor costs in Middle Eastern energy projects have more than doubled over the last three years. Contax Chairman Tony Bury said it's currently a 'sellers market' and contractors have bargaining power. The demand for contractors exceeds supply, and project owners are unable to challenge contractors' pricing demands given the lack of any real alternatives, he added.
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Jeff Florian, Senior ReporterWednesday, September 19 - 2007 at 10:52 UAE local time (GMT+4)
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