Construction industry needs to be regulated – McMillan
At a campaign rally for 8th District Representative Hon. Dancia Penn-Sallah in Greenland on October 18, 2011, McMillan highlighted some of the ways that the VIP plans to continue to grow the economy.
The At Large candidate said petty contracts is one aspect, but major developments are taking place in the Territory and as a Government it will ensure that benefits, which are being given to developers or the likes, are continually encouraged in a marriage with local contractors.
“Additionally, we will have to have discussions with the contractors’ association and the public to determine what percentage of the determined investment should be kept in escrow. The escrow account will ensure that if the company defaults, funds will be allocated to take care of any outstanding bills that may be owed to our people. A further percentage of that fee will be utilised by the government for management fees,” she explained some of the other initiatives that will be put in place to benefit contractors.
Meanwhile, McMillan also acknowledged that there some local contractors who are still owed outstanding monies from major projects stating that, “when we recognize a problem, we have to fix it”.
Among other areas that the At Large candidate outlined as opportunities to grow the economy in the construction industry including opportunities for heavy equipment operators, interior designers, architects and barge owners.
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