PRESIDENT MESSAGE
The month of August has seen two industry initiatives that are primed to transform the dynamics of the construction industry to foster sustainable growth.
CIDB Standard Form of Contract for Building Works 2022
CIDB rolled out its latest CIDB Standard Form of Contract on 7th August 2023 which will see significant improvement in contractual standards and project delivery through the introduction of The CIDB Standard Form of Contract for Building Works 2022. With a Disputes Resolution Board in place, contracting parties would have a platform to address their contractual issues, preventing it from escalating further thus reducing the number of disputes.
This contract would require all stakeholders to be proactive in managing their projects as clients and contractors will now need to work together through frequent meetings in order to stay informed and coordinated whenever new claims are made.
MBAM acknowledges CIDB’s efforts in formulating the new form of contract, which has taken into account claim disputes and cash flow issues affecting contractors. It is anticipated that through the use of this new form of contract, contractors will benefit from improved cash flow, fewer abandoned projects, and a reduction in expensive legal fees.
Vision
The Prime Mover and Recognized Voice of the Malaysian Construction Industry.
Mission
- To provide a synergy of services to members for the betterment of the construction industry.
- To actively initiate, support and participate in programmes and activities that enhance professionalism, productivity and quality in the construction industry.
- To address issues in the construction industry to facilitate members in achieving global competitiveness.
The Main objectives of the Association are:
- To promote and Co-ordinate the development of the construction industry.
- To Promote measures aimed at securing improvements pertaining to techniques, procedures and methods in the construction industry.
- To Organise training programmes, seminars, symposia, conferences, conventions, exhibitions and expositions related to the construction industry.
- To Identify and Study problems arising in the construction industry and to discuss and explore solutions with relevant Government authorities and professional institutions.
- To Seek representation on Committees set up by Government or non-Governmental organisations.
- To Protect the legitimate interest of members.
- To Encourage and Promote the practice of professionalism and harmonious working relationship.
