Payment issue of industrialised building system (IBS) in Malaysian construction industry

Natasha Dzulkalnine

Abstract

The construction industry makes up an important part of the Malaysian economy. Due to unpleasant working condition and the availability of cheap foreign worker, government has implemented the Industrialised Building System (IBS) for government project. This study aims to identify the payment issue of Industrialised Building System (IBS) in Malaysian construction industry and propose the recommendation to the IBS industry to make a better financial management for IBS project. This study employs quantitative and qualitative approach to collect information on the payment issue of Industrialised Building System (IBS) which involved contractor, manufacturer, developer and academician. This study is expected to help the contractor to maintain their business with especially at the early stage of construction which involved huge capital investment for the IBS project. The outcome of this study will encourage construction industry especially IBS contractor to have better understanding on financial management.

References

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