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Tue 07 Jul 2010Tenders for capital projects at 1999 levels
PROCUREMENT AND TENDERING:TENDER PRICES for capital projects have fallen by an average of 30 per cent since the peak of the market and are now back at early 1999 levels or possibly lower, according to the Government’s report on infrastructure expenditure.
The potential impact from the reduction in capital expenditure by the State will be tempered in real terms because of the greater value that is now achievable, according to the report.
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