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Construction companies need to collaborate and plan better as demand climbs

Poaching and project delays could plague the sector as it faces a greater strain on manpower and resources

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Yong Jun Yuan

Yong Jun Yuan

Published Wed, Jan 29, 2025 · 05:00 AM
    • The Building and Construction Authority is encouraging construction stakeholders to adopt collaborative contracting and better allocate the risks and rewards of different projects, instead of taking a more traditionally adversarial approach.
    • The Building and Construction Authority is encouraging construction stakeholders to adopt collaborative contracting and better allocate the risks and rewards of different projects, instead of taking a more traditionally adversarial approach. PHOTO: YEN MENG JIIN, BT

    STRONG growth in construction demand is expected to further strain demand for manpower and resources.

    Without better planning and collaboration among stakeholders, issues such as poaching could become more significant in 2025 and margins could come under pressure.

    On Jan 23, the Building and Construction Authority (BCA) said the total value of construction contracts could come up to S$53 billion in nominal terms, almost 20 per cent higher than the S$44.2 billion posted in 2024.

    ConstructionBuilding & Construction Authority

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