Ceylon Institute of Builders (CIOB) says that the Construction Industry Development Authority (CIDA) of Sri Lanka, the regulatory body for the whole of the Sri Lankan Construction industry is not doing their part in bailing out the construction industry which’s in dire straits.
President CIOB Dr. Rohan Karunaratne recalled that it was them (industry stakeholders such as engineers, contractors and other such allied professionals) who gave them this power. “We worked immensely hard for a very long time to help CIDA gain this extreme power by passing the Construction Industry Development Act in 2014 by Sri Lanka Parliament.”
With such power the construction industry expects even more from CIDA. The Construction Industry has been facing extreme hardships for some time now. The Construction Industry was the first to be stopped when the economic crisis, pandemic etc hit. CIDA has not been very present to address these issues. Yet it has the incomparable power to detangle them. It can use its power to recruit support from funding agencies, government authorities, policy making powers, the international connections, etc. to resolve some of the major issues.
CIOB says that CIDA can mediate with the government to expedite payments that are due to the sector. “But this is not happening. In short, if CIDA helps the industry to gain some momentum by restarting projects, the Construction Industry can help Sri Lankan employment, social development, international support and contribute at least 5-6% to the GBP of Sri Lanka, a job we were once extremely good at.”
The post CIOB demands CIDA mediate to resolve contractors’ issues appeared first on DailyNews.