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Government charging more for granite from stockpile

Published on Feb 6, 2014 8:11 AM
 
Granite aggregate from the Singapore Government’s stockpile costs $30 per tonne, much higher than the average market rate of $25 per tonne. The price may rise even further if necessary to keep from drawing down the stockpile, depending on developments, according to the BCA. -- ST FILE PHOTO

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.

 
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