Sri Lanka, May 22 -- The National Construction Association (NCA) warned that many construction projects across the country would be jeopardised unless the Government take steps to minimise the fluctuating material prices and other costs by incorporating the costs into the formula used for construction contracts.

If not, many projects across the country would come to a halt as contractors stand to lose their profit margins, the association pointed out.

Chairperson of the association, M. Darinton Paul said that contractors are struggling to finalise projects with clients based on previously agreed prices, against the current unforeseen situation of the rapidly depreciating rupee.

Noting that several key inputs are left out of this formul...