Turkmenistan to improve price system in construction

Turkmenistan to improve price system in construction

President Berdimuhamedov approves a long-term State program on development of cost estimate and normative documentation and on improvement of the price system in construction. The program is designed for seven years period of 2019-2025.

Today, the Turkmen construction industry is one of sectors of the economy most financially supported by the state. In addition to the very labor-intensive tasks of housing construction, which has high requirements on comfort, this sector has to deal with many other issues, including transport infrastructure, reconstruction of technically out-of-date production facilities, expansion of the production of construction materials made from local raw materials, etc.

According to Turkmen city architects, obsolescent organization approaches that impede the full implementation of market mechanisms, as well as prices from the time perished were the stumbling block. Because the market is a life form: in the morning, it may have one mood, in the afternoon – another, while in the evening, it may have no mood at all.

Under present-day market conditions, it should be able to adapt to its changing nature, taking into consideration the current situation at the world’s stock exchanges.