Even After Full Enforcement of Revised Construction Industry Act, Only 34% of Construction Companies "Always Secure Contract Modifications" During Material Price Spikes
NQ Score
78/100
N1 Content Completeness
9
AI Summary (NQ-processed)
A survey by Japan Consultant Group reveals a gap between law and practice in the construction industry: despite the revised Construction Industry Act, only 34% of companies successfully modify contracts during material price hikes, and 24% still experience below-cost contracts.