State reaches different agreements on delayed Nicosia projects

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State reaches different agreements on delayed...
 © CyprusMail 2017
A daily penalty of €2,500 will be imposed on contractor Lois Builders for delays in finishing construction of the new Nicosia city hall as of Friday, as per the agreements signed, while the €6,000 per day late-completion fine relating to the Eleftheria square project, set to be triggered on January 4, will be suspended, the state’s central committee of changes and claims decided on Wednesday.

According to daily newspaper Phileleftheros, the agreements entered into with the contractor stipulate that penalty clauses kick in if completion deadlines are exceeded, as is the case for both...


State reaches different agreements on delayed Nicosia projects


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