BUSINESS CREATION BY INDUSTRIALISED BUILDING SYSTEM IN MALAYSIAN CONSTRUCTION INDUSTRY

Recently, the Malaysian government had been developing new technologies to the construction industry and one of them is the Industrialised Building System (IBS). The government urged that IBS is 100% utilized in all construction projects. It is believed that the application of IBS helps in reducing construction duration and cost, solving the problems of overflow of foreign workers in the site and improving performance and appearance of a structure. However, there are some parties like the contractor who feel reluctant to utilize this system because there are risks. They worry that their trades will be affected as IBS construct a structure using components which are manufactured in a factory and assemble on site. Therefore, this research is to find out whether IBS benefits the country's economy by focusing on the business created by investing in IBS. A comprehensive supply chain for IBS will be developed to compare with the traditional construction supply chain as to determine businesses or trades created and eliminated. This paper is looking at the theoretical framework about business opportunities due to the Government policy on embarking IBS.