A trade show for the construction industry will be held from From June 1 to 4 in Tegucigalpa, featuring conferences and products exhibitions by companies in the sector.
The event Expoconstruye 2016 will be held at the Plaza Juan Carlos, in the Honduran capital, and will include the participation of construction and real estate companies, banks and other bodies linked to the sector.
The union for the sector estimates that less investment in public works, the tax burden and legal uncertainty are behind the decline suffered in the amount of construction which took place during the past year.
Silvio Larios, general manager of the Honduran Chamber of Construction (Chico), preliminarily announced that the fall in activity in the sector between 2014 and 2015 could be as much as 6%.
The union is demanding from the government the same tax breaks that are being prepared for the tourism industry.
The construction sector contributes about 6% to the country's Gross Domestic Product (GDP), and it is for this reason that companies in this guild are asking for a package of tax breaks the same as will be given the tourism sector, whose contribution to the economy amounts to just 3% of GDP.
Construction companies are negotiating with the banking system for access to preferential interest rates in order to finance housing projects for lower-income sectors.
In order to alleviate the poor performance that construction sector has seen in recent months, construction companies plan to focusing on developing high rise housing projects, which, in the view of the entrepreneur Ernesto Lazarus, "... is a solution for those who have difficulty buying a house because of the price of land."
If a company in the construction sector wants to sue the state for breach of contract it must deposit the equivalent of 20% of the value of the claim.
The measure which comes into effect this year is set out in Article 278 of the recently enacted Public Finance Ordinance, Control of Exemptions and Evasion Measures, and indicates that the deposit must be equal to 20% of the value of the claim and must be made before the legal process is started.
Construction companies who are victims of extortion have closed operations leaving about three thousand people unemployed.
According to Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), employers have sought to manage this issue with discretion, but they can not even pay the fees for the Chamber of Construction, and have ceased operations leaving thousands of people unemployed.
Plagued by serious liquidity problems, the government of Honduras is using cement as currency to pay off its debts.
Latribuna.hn reported that the president of the Honduran Chamber and Construction Industries (Chico), Alejandro Alvarez, revealed that "The government is using cement destined for social works to pay off debts held with some contractors and construction companies."
Builders in Honduras are demanding a guarantee of payment or a deposit before starting the works agreed in the contracts signed with Fondo Vial and Soptravii.
Alejandro Alvarez, president of the Honduran Chamber of the Construction Industry (Chico), said that "due to the bad experiences in 2012 (the builders) have signed some contracts but do not want to start work".
Central American industrialists are requesting that the tariff on imports of the product be 0%, while a local company has requested that the fee be raised to 15%.
This happened in a meeting held by the Honduran Council of Private Enterprise (Cohep), which brought together about 22 representatives from companies engaged in the production, import and distribution of sheet metal.
The search for safe habitats and the shortage of land in the central areas of Tegucigalpa and San Pedro Sula, is driving the construction of high rise apartments and gated communities.
The phenomenon occurs mainly in Tegucigalpa and San Pedro Sula. "The projects being constructed in the new development areas have emerged in recent years following the decline of the historic center of Tegucigalpa, another trade hub of the city, which has been losing its glamor coupled with a lack of planning policies and a commercial road," reported Laprensa.hn article.
The debt held by the State of Honduras with construction companies exceeds $ 100 million.
Honduran construction unions are demanding that the State pay out the more than $100 million that they are owed.
Yesterday at meetings in Tegucigalpa and San Pedro Sula, builders affiliated to the Honduran Chamber of the Construction Industry (Chico), the Honduran Chamber of Consultants and the Association of Civil Engineers of Honduras decided to withdraw from 125 public construction projects, reported Laprensa.hn.
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
Comercialization of Urbanization
Commercial Mall construction and Comercialization
Construction and comercialization of Industrial and logistic buildings.
Housing Construction Projects
Operates in Honduras
Phone: (504) 2694241 - (504) 2694240