CMED bemoans delayed payments

Modern industries operate at scales and speeds that far surpass human processing capabilities.

THE Central Mechanical and Equipment Department (CMED) says profit margins for its construction unit were adversely affected by the government’s delay in payments to contractors during the financial year ended December 31, 2023.Government slowed down the disbursement of payments to several construction projects in an attempt to manage the local currency supply into the economy…

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