26 October, 2020, 7:18 am Central - 24°C Rain

Now is the time to invest in construction - Construction Industry Council

Now is the time to invest in construction - Construction Industry Council

By Rashika Kumar
Wednesday 23/09/2020
Construction Industry Council President Gordon Jenkins.

Construction Industry Council President Gordon Jenkins says now is the best time to construct because prices of material and labour costs are down and people should take advantage of this and get their projects completed.

Jenkins says the industry is in a state of a major slowdown right now but anticipates that it will start speeding up again in the next 6 months.

He says it is hard for the construction industry workers to get a job right now but hopes there will be opportunities in the next few months.

Jenkins has also highlighted they are not expecting any overseas investment at this time but is hoping that locals will make investments.

He believes that in this day and age, the cost of building has probably dropped and it is more efficient and there is more competition within the industry.

The Council President adds that the government has offered a lot of concessions and reasons to get into construction and if people do take advantage of this, then the construction industry will move forward.

The President says that if more people are confident in the economy, then more people will invest in the construction sector.

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