MADRID, Oct 7 (Reuters) - Spanish construction companies have failed to bid in 1,455 tenders for state projects so far this year after concluding the offer prices would not cover their costs, the main building association said on Friday.
"You can get the idea that the construction sector is not addressing the challenge, when tenders are not being issued at the right price," the group's president, Pedro Fernandez Allen, told a press conference.
Rampant inflation in the price of construction materials and energy is hampering ambitious government plans to boost infrastructure works until 2026, with billions of euros earmarked by the EU for post-pandemic economic stimulus.
The CNC said that allocated projects have also stalled or K Floridě se blíží další velký hurikán been delayed this year because the state price revision system was not working smoothly. ($1 = 1.0231 euros) (Reporting by Corina Pons; Editing by David Latona and Kirsten Donovan)
The group said the number of failed bids had reached a record high this year - including hospital refurbishments, road extensions and energy-poor residential housing projects - with some relaunched at higher prices months after the initial attempts.
"You can get the idea that the construction sector is not addressing the challenge, when tenders are not being issued at the right price," the group's president, Pedro Fernandez Allen, told a press conference.
Rampant inflation in the price of construction materials and energy is hampering ambitious government plans to boost infrastructure works until 2026, with billions of euros earmarked by the EU for post-pandemic economic stimulus.
The CNC said that allocated projects have also stalled or K Floridě se blíží další velký hurikán been delayed this year because the state price revision system was not working smoothly. ($1 = 1.0231 euros) (Reporting by Corina Pons; Editing by David Latona and Kirsten Donovan)
The group said the number of failed bids had reached a record high this year - including hospital refurbishments, road extensions and energy-poor residential housing projects - with some relaunched at higher prices months after the initial attempts.
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