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NCIC launches Construction Cost Indices

Home 9 News 9 NCIC launches Construction Cost Indices

The National Construction Industry Council (NCIC) on Tuesday the 12th of September launched construction cost indices in Lilongwe as one way of ensuring sanity in the construction industry. This development comes at a time when there has been an outcry from stakeholders about rocketing bid prices and unpredictable construction costs.

Speaking during the launch Chief Executive Officer of NCIC, Eng. Gerald Khonje, noted that as an industry regulator, the NCIC would like to have an industry whose costs are predictable to enable stakeholders to redirect their attention to the technical knowhow of parties involved in order to achieve quality of infrastructure.

On her part, QS. Monica Kandodo, who represented the Board Chairperson of the NCIC Board, indicated the Board’s pleasure in introducing a homegrown solution to unrealistically high bids which for a long time has caused time and cost overruns and a drain of public resources. She further commended the Chief Executive Officer and his team for their tireless efforts in ensuring that Malawi attains a transformed and sustainable construction industry.

NB: Please go to the downloads for a copy of the Construction Cost Indices

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