Daily Industry News Update (21 July 2022)

MBAM: Additional materials added to VOP clause will help contractors

The move to add more building materials in the Variation of Price (VOP) clause will help contractors handling public projects, following the steep rise in cost of almost every building material.

AME REIT inks 34 SPAs to acquire properties from various AME Elite’s units

ME Elite Consortium Bhd said AME Real Estate Investment Trust (REIT) has entered into 34 sale and purchase agreements (SPAs) to acquire various properties from the industrial space