Hong Kong’s new renovation monitoring body will encourage legitimate consultants and contractors previously plagued by intimidation from bid-rigging syndicates to return to the market, industry representatives have said, potentially lowering costs for homeowners in the long run. Renovation and construction sector players said on Monday that the new Building Maintenance Support and Services Council, headed by Financial Secretary Paul Chan Mo-po, would heighten scrutiny of the tendering process,...
New renovation body will draw legitimate contractors back to market, sector says
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SCMP - China Feed 2By Lo Hoi-ying
EXECUTIVE SUMMARY
Hong Kong’s new renovation monitoring body will encourage legitimate consultants and contractors previously plagued by intimidation from bid-rigging syndicates to return to the market, industry representatives have said, potentially lowering costs for homeowners in the long run. Renovation and construction sector players said on Monday that the new Building Maintenance Support and Services Council, headed by Financial Secretary Paul Chan Mo-po, would heighten scrutiny of the tendering process,..
Key Takeaways
- New renovation body will draw legitimate contractors back to market, sector says.
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