The Government of Guyana says it has been making moves since 2022 to stabilise the supply and price for construction aggregate and this has seen open tendering and single sourcing.
The Ministry of Public Works, in a release yesterday, pointed out that the significant increase in public and private sector works as a result of the country’s booming economy, placed a tremendous demand on the local aggregate – crusher run and stone – supply which saw prices in some places, increasing by as much as 100 per cent.
During 2022, in an effort to increase its awareness of the capacity of the current market, government met with several prominent aggregate providers/quarries as well as new quarry operators, to ascertain their capacity and logistical challenges. In addition, contractors were also given the opportunity to import aggregate material in an effort to meet the demand and to keep prices competitive, the release noted.