Contractors are requesting that the state to factor in the effects of the latest fuel and energy price hikes when re-pricing their contracts under the Contractors’ Compensation Act. The Housing Ministry has started revising contracts that came into effect in 2016 and is waiting for the legislation to determine the exact price differentials. The New Urban Communities Authority’s (NUCA) initial estimates had reportedly set the compensation value at 7% of the original value of the contract. Earlier this month, Cabinet approved a six-month extension on all contracts with the private sector signed between 1 March and 31 December 2016 to make them eligible for compensation. The bill has been in the works for several months with the House of Representatives.