Rationale for Inability to Recover Overpayment Amount for Contract Variations in National Gallery Development Project
- The Ministry explained that the $13 million was a waiver of penalties for delays, not an overpayment, and was part of contract variations necessary for a complex project involving two monuments.
- The Minister clarified that the Auditor-General’s finding about recovering the amount was due to it being too late, not fraud, and the Ministry’s audit found no need for major recoveries.
- The National Gallery Singapore is enhancing its financial and procurement processes following the audit, with the Ministry working to implement recommendations from the Auditor-General.