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Govt considering creation of 2 regulatory authorities for construction industry, 3-year liability period for projects

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“Govt considering creation of 2 regulatory authorities for construction industry, 3-year liability period for projects”

ISLAMABAD: The government is considering establishing up to two regulatory authorities for the construction industry and a three-year defect liability period for major construction projects in the country. Private sector figures in construction and the government, however, differ over the financial size for the application of a defect liability period, with the construction industry seeking a minimum threshold of Rs20 billion and the government pushing for lower amounts. These issues were…

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