Government charging more for granite from stockpile
DRAWING from the national granite stockpile could be quite costly for contractors, who are facing a shortage from Indonesia that has led to construction delays.
The Building and Construction Authority (BCA) is charging more than the market rate for granite, according to a circular sent out to contractors on Tuesday that was obtained by The Straits Times.
Granite from the national stockpile costs $30 per tonne plus goods and services tax (GST) this month, the circular said. Contractors told The Straits Times yesterday that the average market rate was about $25 per tonne.
The Government's price will rise even more to $50 per tonne plus GST next month if necessary to keep from drawing down the stockpile that month "depending on the developments", BCA added.