Power102FM

$4 Billion Plus Owed to Local Contractors. Legal Action Against Government, Advised.

$4 Billion Plus Owed to Local Contractors. Legal Action Against Government, Advised.

The association representing a group of local contractors has advised its members to take legal steps towards getting money owed to them by the government.

Ramlogan Roopnarinesingh, CATT President.

In a newspaper interview last week, President of Contractors’ Association of Trinidad and Tobago, Ramlogan Roopnarinesingh, stated that the growing debt to contractors is an estimated $4 billion.

The government agencies responsible for the majority of debt to contractors are the Education Facilities Management Company, who are reported to have a debt of between $800 million and $1.2 billion dollars

The Housing Development Corporation is next with a reported debt of between $700 to $800 million, followed by the Water and Sewerage Authority, which faces a billion-dollar debt to contractors and suppliers.

While Government has blamed the country’s economic problems for some of the delays, several contractors are considering legal action over breach of contract due to non-payment.

Even as contractors are considering this course of action, some have already brought projects to a standstill with more reported to stop in 2018 as they demand payment for work done.

Roopnarinesingh also stated that Government’s lack of detailed information about payments was a major concern.

He noted that Government had made some payments in 2017, but he was not aware of the amounts paid or to whom.

COMMENTS

WORDPRESS: 0
DISQUS: 0