Locking in the steel
By Wilson Ang a.k.a ShamU on Thursday, July 05, 2007 at 4:14 AM
After the ceremony with our naming sponsors, the steel prices are rocketing up.The current situation is:
1. Steel prices going up
2. Sand prices going up
3. ARUP is in the midst of calculating the ECO House loading
4. Pending approval of NEA funding
5. Pending approval of BCA funding
We really have to move forward. Need to secure at least some of the steel before the prices go up further. Need to pump in at least 70K to secure the base amount of steel and sand required for our structure.
We got Mitsubishi Electric Pte Ltd to provide us the funding of 80K for the ECO House.
Mitsubishi will also sponsor the purchase and installation of PV cells on the ECO House.
With this funding, we managed to lock some amount of steel and sand for the ECO House.
We are also working on other fundings to support this initiative.
