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Small-scale construction firms face uphill battle

16 Mar 2022

  • Affected by competition from larger companies, dwindling number of projects, material costs 
BY Dinitha Rathnayake  Small-scale construction companies are facing many problems due to the current situation in the country. Speaking to The Morning, New Way Construction and Development Company Chairman Pradeep Nishantha said that small-scale construction companies are on the one hand facing a situation where there is competition for projects from medium-scale companies owing to the level of competition, and on the other hand, facing a shortage of projects. “Small-scale construction has been associated with a high level of risk elements as per the influence of external factors. Political, economic, social, technical, environmental, and legal factors are mainly affecting the operations of the companies operating on such a scale. “We feel like we are finished now, since we cannot proceed with the ongoing projects due to the recent price increases,” he noted. According to Nishantha, one cube of sand and a metal cube had increased by Rs. 5,000 each, and steel by Rs. 500.  “The price of an earth wire roll was only Rs. 4,500 last year but now it costs around Rs. 11,000. A 2.5 millimetre twin wire roll was around Rs. 9,100 and this has increased up to Rs. 23,000,” he stated. “The construction industry was the worst hit during this period, even more so than other industries, such as tourism, exports, etc. The contribution of the construction industry to the country’s economy has declined enormously. The prices of materials increase day by day and we feel like we don't have any other option than giving up this sector.”  

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