Contractors express concern over delayed payments for completed projects

The Maldives National Association of Construction Industry (MNACI) has expressed concerns over pending payments for completed state-initiated projects, leading to increased worries among construction contractors.

MNACI said that many contractors fund the execution of projects out of their own resources and bill the government after completing project components. However, delays in payments from the government have significantly impacted these contractors, leading to difficulties in the operations of private companies and paying wages and salaries to employees and settling payments to suppliers.