\n<\/p>\n
To cope with the higher costs, some firms are negotiating with suppliers while investing in measures such as battery storage systems and electric machinery to reduce diesel consumption on worksites.<\/p>\n
While Mr Peng believes the conflict will eventually end, he said inflation means material prices are unlikely to return to pre-war levels.<\/p>\n
For now, the impact on ongoing projects appears limited.<\/p>\n
The Micro Builders Association Singapore, which represents about 200 contractors specialising mainly in landed housing projects, said fewer than one in 10 projects have experienced delays.<\/p>\n
The association\u2019s chief assessor Chua Tai Kee said while some projects may face delays, the impact has not been severe.<\/p>\n
\u201cIt’s like weeks to a month. It’s not like last time, during COVID-19, where the delay could be a year or one-and-a-half years,\u201d he added.<\/p>\n
\u201cIn this type of situation, unless the price is really going up rocket high, then of course, you can see contractors cannot buy material. You start to see delays. But it seems like it’s quite all right.\u201d<\/p>\n<\/div>\n
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To cope with the higher costs, some firms are negotiating with suppliers while investing in measures such as battery storage systems and electric machinery to…<\/p>\n","protected":false},"author":1,"featured_media":65506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Hi_mE080--\/c_crop,h_573,w_1019,x_5,y_1\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2023-11:afp_watermark_14112023,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2021\/11\/15\/000_9r96mm.jpg?itok=h6A6pMtg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[13392,8427,9720,4113,6608,35,1412,21137,8426,16658],"class_list":["post-65505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-adjust","tag-conflict","tag-construction","tag-costs","tag-east","tag-firms","tag-higher","tag-material","tag-middle","tag-normal","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65505"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/65506"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}