SMMC and FINSO agree on adjusted terms due to inflation & supply chain disruptions | SOUALIGA NEWSDAY

SINT MAARTEN (CAY HILL) – St. Maarten Medical Center (SMMC) and general contractor, FINSO, recently signed a Letter of Intent (LOI) regarding the adjusted terms for the construction of St. Maarten General Hospital (SMGH) in the presence of Minister of VSA Omar Ottley, marking the next step in the continuation of the project.

“Although contract revisions are never a welcome process during an ongoing construction project, the existing market conditions of persistent high inflation and supply chain disruptions due to the pandemic and the war in Ukraine have made it impossible to complete the SMGH building as per the terms ...