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Circular No: C&P/184/08/tl

14 August 2020

Financing Survey for Built Environment

SCAL has received feedback that contractors, especially the small and medium sized enterprises (SMEs), are facing difficulties with purchasing insurance bonds from insurance companies for new projects due to the COVID-19 pandemic. Contractors also indicated difficulties getting their existing insurance bonds extended or renewed by insurance companies for projects that have been delayed due to the COVID-19 measures.

SCAL is working with Enterprise Singapore (ESG) to help address the issue and would appreciate if you could provide your feedback via this survey link here by 21 August 2020, Friday.

For any enquiries, you may contact Ms Esther Tan from Enterprise Singapore at email Esther_TAN@enterprisesg.gov.sg

 

 

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