Contractors warn of inflated budgets after bar-bender pay increase
Contractors warn that rising labour costs, with bar-benders getting a 14.1pc increase, will push up bills for infrastructure works
The construction industry is in high gear, with a parade of new projects and tradesmen angling for hefty pay rises to match.
But while workers negotiate for more money - spurred by a recent record 14.1 per cent settlement for bar-benders - contractors are warning about the strains on project budgets that this will create.
The city's new projects include a bridge across the Pearl River estuary, the West Kowloon Cultural District, a high-speed railway and new MTR railway lines, which will generate great demand for labour.
The unions say higher salaries are needed to draw young workers to the trades.
"While there is no shortage of bar-benders at present, it is hard to foresee whether there will be a shortage in future because many construction projects are on their way," said the chairman of the Hong Kong Construction Industry Bar-bending Workers' Union, Luk Kwan-ngai.
His union recently won a record salary increase from the Hong Kong Bar-Bending Contractors Association, promising bar-benders HK$1,700 a day in 2014-15, a 14.1 per cent pay rise from HK$1,490 in 2013-14.
Other unions are eager to cash in on the boom.