{"id":7030,"date":"2023-10-09T10:13:29","date_gmt":"2023-10-09T05:13:29","guid":{"rendered":"https:\/\/mbt.mv\/?p=7030"},"modified":"2023-10-09T10:13:29","modified_gmt":"2023-10-09T05:13:29","slug":"mnaci-worries-of-payment-delays-to-contractors","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=7030","title":{"rendered":"MNACI worries of payment delays to contractors"},"content":{"rendered":"<p>Maldives National Association of Construction Industry (MNACI) raised concerns over the government delays in paying private contractors for state-initiated projects.<\/p>\n<p>MNACI said that private construction companies, contracted for various state-initiated projects under the Public Sector Investment Program (PSIP) or other projects face delays in receiving their payments.<\/p>\n<p>The contractors also, under the agreement, generally spends from their own funds to execute the project, which it gets compensated added with the service profit in the billed invoice to the government.<\/p>\n<p>Due to delays in payments by the state, several contractors are challenged in paying to their workers or to third-party suppliers.<\/p>\n<p>MNACI urged the government to compensate the contractors for its shortcomings similar to its imposition of fines on contractors for failing to deliver within the contracted period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maldives National Association of Construction Industry (MNACI) raised concerns over the government delays in paying private contractors for state-initiated projects. MNACI said that private construction companies, contracted for various state-initiated projects under the Public Sector Investment Program (PSIP) or other projects face delays in receiving their payments. The contractors also, under the agreement, generally spends<\/p>\n","protected":false},"author":4,"featured_media":7031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2428],"tags":[383,384,386,1329],"class_list":{"0":"post-7030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-public-sector","9":"tag-construction-companies","10":"tag-construction-industry","11":"tag-construction-sector","12":"tag-maldives-national-association-of-construction-industry-mnaci"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MNACI worries of payment delays to contractors - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=7030\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNACI worries of payment delays to contractors - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives National Association of Construction Industry (MNACI) raised concerns over the government delays in paying private contractors for state-initiated projects. MNACI said that private construction companies, contracted for various state-initiated projects under the Public Sector Investment Program (PSIP) or other projects face delays in receiving their payments. The contractors also, under the agreement, generally spends\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=7030\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T05:13:29+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=7030#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=7030\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"MNACI worries of payment delays to contractors\",\"datePublished\":\"2023-10-09T05:13:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=7030\"},\"wordCount\":134,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=7030#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Construction Companies\",\"Construction Industry\",\"Construction Sector\",\"Maldives National Association of Construction Industry (MNACI)\"],\"articleSection\":[\"BUSINESS\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=7030#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=7030\",\"url\":\"https:\/\/mbt.mv\/?p=7030\",\"name\":\"MNACI worries of payment delays to contractors - 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