SMMC and FINSO agree on adjusted terms, sign Letter of Intent. | SMN NEWS

~ Inflation and supply chain disruptions resulting in adjusted terms for SMGH construction ~

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 persistently high inflation and supply chain disruptions due to the pandemic and the war in Ukraine have made ...

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