New Building Regulations for Panama

Construction companies have presented a draft amendment that was agreed between the various agents in the sector to renew the regulation which is now 20 years old.

Friday, April 24, 2015

From a statement issued by the Panamanian Chamber of Construction (Capac):

The president of the Panamanian Chamber of Construction (CAPAC), Roderick McGowen, gave the Mayor of the District of Panama, Jose Blandon, a proposal to amend Agreement No. 116 of July 9, 1996 which regulates the construction industry in the capital district.

Mr McGowen said that this project has been considered and consulted on with professionals related to the industry, among which are the SPIA business associations and the Chamber of Commerce, Industry and Agriculture of Panama, IPAUR, CONVIVIENDA, ACOBIR and freelancers.

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Bureaucracy Holding Up Social Housing

January 2016

The Panamanian construction union claims that 80 procedures must be undertaken in 22 institutions to launch a social interest residential project, and has proposed creating special regulations for this type of work.

Although the government raised the ceiling rate for affordable housing to $50 thousand, the low profit margins of these projects, coupled with the excessive amount of paperwork and permits that must be obtained to initiate developments are discouraging interest in construction projects of this type. A special legal framework, which requires less paperwork and undertakes processes faster, could minimize bureaucratic costs and increase the incentive to invest in social interest projects.

Panama: Nationals Dont Have Access to Tenders

January 2015

Local construction companies claim that public works contracts contain conditions and requirements which limit the participation of Panamanian companies.

The requirements, for finances recruitment and experience required in public tenders exclude and disadvantage companies founded on "genuinely Panamanian" capital, who according to the president of the Panamanian Chamber of Construction (Capac) are not able to fully comply.

Panama: $5 billion in Construction Works

September 2014

The union of construction companies has estimated at the close of 2014 that investments made during the year on construction projects in the country will be worth about $5.6 billion.

McGowen Roderick, president of the Panamanian Chamber of Construction (CAPAC), said during the inauguration of the construction fair CAPAC Expo, "...

Panama: Companies Demand Energy Prevention Plan

May 2013

Entrepreneurs have questioned the energy policy that exists in the country, after the current crisis caused by the delay of the start of the rainy season.

Line 1 of the Panama Metro will start running from February 2014, one of the topics discussed by six members of business organizations who make up the Institutional Committee on Energy.

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