SPNB to do away with retention money
KUALA LUMPUR: Syarikat Perumahan Negara Bhd (SPNB) plans to do away with the RM2,500 retention money imposed on contractors involved in future Rumah Mesra Rakyat (RMR) projects.
SPNB chairman Datuk Ir Idris Haron said the move would help contractors achieve higher profit margins.