New registration for developers

New registration for developers

JAKARTA (JP): The city administration will apply a new
regulation governing the registration of developers and suppliers
handling the city-owned projects starting tomorrow.

Harun Al-Rasyid, head of the city's pre-qualification
committee, said that the new regulation is in line with the
Presidential Instruction No. 16/1994 regarding the guidelines of
the regional budget for the 1995/1996 fiscal year.

"With the introduction of the new regulations, membership
documents held by registered developers and suppliers are no
longer valid," he said, adding that those intending to continue
their membership should register again.

Harun reported that so far over 35,000 developers have
registered with the city administration.

In line with the new regulation, he said, projects costing
between Rp 15 million (US$6,818) and Rp 200 million each will be
given to small-scale developers and suppliers. (hhr)