This circular informs all contractors registered in CRS that Government Procuring Entities (“GPEs”) have been advised on the following, to:
- Grant common extension of time (“EOT”) for delay in works due to COVID-19 for period from 7 August 2020 to 31 December 2020, where applicable;
- Co-share a base 0.1% of awarded contract sum per month of delay for eligible contracts up to $100mil; and
- Adopt common methods of computation for depreciation of contractor-owned equipment.