ibs next year — cidb half of private sector projects to use

8
9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 1/8 MY CORPORATE FROM THE EDGE Select Language Half of private sector projects to use IBS next year — CIDB This article rst appeared in The Edge Financial Daily, on January 18, 2019. Syahirah Syed Jaafar / The Edge Financial Daily January 18, 2019 10:38 am +08

Upload: others

Post on 01-May-2022

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 1/8

MY

CORPORATE FROM THE EDGE Select Language ▼

Half of private sector projects to useIBS next year — CIDB

This article �rst appeared in The Edge Financial Daily, on January 18, 2019.

Syahirah Syed Jaafar / The Edge Financial DailyJanuary 18, 2019 10:38 am +08

Page 2: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 2/8

Adver t isement

KUALA LUMPUR: The Construction Industry Development Board (CIDB)

targets 50% of the private construction projects, valued at over RM50

million, to use the industrialised building system (IBS) by next year.

Its chief executive, Datuk Ahmad Asri Abdul Hamid, is con�dent the

adoption rate in private projects, which stands at about 35% currently, will

increase steadily as more companies are aware of the system’s bene�ts.

“In Kuala Lumpur, most high-rise buildings are now constructed using IBS

because companies can no longer do it the old manual way,” he told

reporters on the sidelines of an event by CIDB yesterday.

IBS is a construction technique

whereby components are

manufactured in a controlled

environment, either on site or o�-

site, transported and then assembled

into a structure with minimum work.

Page 3: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 3/8

IBS has been mandated for use in

government projects since 2008. It

was mandated for use in the private

projects starting Jan 10 last year,

when the housing and local

government ministry said projects

worth RM50 million and above are

required to have a minimum IBS

score of 50.

According to Ahmad, seven states have accepted this federal-level

mandate. “However, they will have to trickle it down to the local

authorities. It has not yet been made compulsory for local authorities to

follow. We will give them time. But, by 2020, we will make it mandatory,”

he said.

At present, only Kuala Lumpur City Hall and Putrajaya Holdings require

the use of IBS for private projects.

Besides making the rule compulsory, quality has to be ensured, said

Ahmad.

“Everyone wants to use IBS. But there are companies that that don’t

speci�cally follow the proper

IBS standard,” he said.

To facilitate this, CIDB has launched a testing and certi�cation programme,

called Impact, to verify, validate and certify the products of IBS

manufacturers in the country.

There are currently 300 such manufacturers based on CIDB’s standards.

On outlook for the construction industry this year, Ahmad said, growth

would likely remain �at for now as the government continues to review

certain projects.

The momentum should pick up by mid-year, he said.

Page 4: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 4/8

4 August 2010RM82b projects to be implemented thisyear23 November 2018UOB sees ringgit falling to 4.22 next year12 December 2013Steel industry growth to improve nextyear, says industry player19 July 2013Plantation sector to be stronger next year,says RHB Research

We deliver news to yourinbox daily

Email Address

SUBSCRIBE

Subscribe to Editor's Picks& Mid-day email alert

RELATED NEWS

FEATURED VIDEOS

EVENING 5: Lower PSC for ex-ASEAN �ights

30 Aug | 07:45pm Evening 5, Fea…MERDEKA: Time for unity

30 Aug | 05:12pm News, FeaturedEVENING 5merger pla

29 Aug | 08:0

Page 6: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 6/8

2 1MDB-Tanore trial Day 3:More companydocuments on 1MDB'spower units to be veri�ed

3 REITs in favour

4Dive into dividend stocksas interest rates stay low

5 IHH, MAHB, Supermax,Sunsuria, Serba Dinamik,AirAsia, Masteel,Prestariang, TNB andMBSB

Page 7: IBS next year — CIDB Half of private sector projects to use

9/3/2019 Half of private sector projects to use IBS next year — CIDB | The Edge Markets

https://www.theedgemarkets.com/article/half-private-sector-projects-use-ibs-next-year-—-cidb 7/8

e-Paper Desktop Reader

Home About Us Join Us Contact Us Advertise with us Subscription

Sitemap Term of use PDPA

Selangor

Bedrooms

Buy Rent