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The BLD-GK Ministry have recently received an advisory from Ricky Cuenca, President and CEO of ANCOP International (Canada) Inc announcing the unprecedented price increase to the cost of building GK homes.
The advisory states that "due to recent adverse economic realities, we are constrained to adjust pricing for GK shelter units from Cdn$1,800 to Cdn$2,300 per unit, effective April 1, 2008". This is whooping increase of about 28%.
The memo further states the two factors that have led to the price increase are:
1) Increased cost of housing materials and labour - general inflationary trends, as well as a steady rise in oil/gasoline prices, have negatively impacted material and labour cost.
2) Peso appreciation - the peso has dramatically appreciated vs the dollar, moving from $1 = P50 (this is the basis for the old GK home prices) to about
$1 =P40, in a relatively short period of time.
ANCOP established the following key principles of implementation of the above noted price increase:
1)All agreements signed after March 31, 2008 will reflect the new GK shelter
unit prices.
2) For existing partners/donors, the price of $1,800 will be implemented for
the portion of GK homes remitted to ANCOP Canada on or before March 21, 2008. This is to allow ANCOP Canada to take advantage of favorable exchange rates that may occur towards the end of March.
3) For the balance of the GK shelter units payments remitted to ANCOP Canada
after March 21, 2008, the new price of $2,300 will apply.
Please do not hesitate to let us know either by email or by phone should you
have any questions or need further clarification regarding the above matter.
May the Spirit of the Risen Lord Be With Us All.
More blessings to all,
Bernie and Belen Consul Coordinators, BLD-TO GK Ministry Tel # 416-297-9420 Cell # 416-937-8384 |