Story: Tim Dzamboe, Ho
THE construction industry in the country is bedevilled with multiple problems that hinder the prosperity of contractors and the
nation as a whole.
The problems include unreasonable rates, unfavourable contract agreements, under quoting, delay of payment and underpayment of contracts.
The interim National Chairman of the Progressive Road Contractors Association (PROCA), Mr Michael Adu, made this known at the first general meeting of the association at Ho.
He, however, denied allegations that road contractors paid 10 per cent of contract sums to their clients before they won contracts, adding that any contractor who did that did so unprofessionally.
Mr Adu stated that most of the problems facing contractors could be solved with the required guidelines to avoid what was happening to sister associations in the industry.
He stressed the need for the members to rededicate themselves to the association to ensure the survival of the construction industry.
Mr Adu said many people were yearning to become contractors because they did not know how the contractors were suffering, adding that ”contractors are getting poorer and poorer”.
According to him, many contractors were made to sign documents in a rush without being given much time to go through the terms of the contract agreement.
He said the delay in payment for work done had frustrated many of the contractors and the situation marred the relationship between them and their bankers.
Mr Adu advised contractors not to rush in signing contracts without reading the contents and understanding them otherwise they would entangle themselves with unfavourable terms.
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