AN ANALYSIS ON THE IMPACTS OF THE NEW SIA BUILDING CONTRACT 2016 WITHOUT QUANTITY (1ST EDITION) ON THE STAKEHOLDERS IN SINGAPORE'S CONSTRUCTION INDUSTRY

Abstract

This research seeks to analyse the potential impacts arising from new changes of the SIA form among the stakeholders in the Singapore’s Construction Industry. The objectives of this research includes the following: • To compare the SIA Lump Sum Contract 9th Edition (old SIA form) with the new SIA Building Contract 2016 without Quantity 1st Edition (new SIA form), and analyse the three critical changes. • To examine and analyse the impacts of these changes on the Singapore construction industry. • To propose recommendations for any identified impacts.

The first approach to this research is the identification and literature review of the three differences in the old SIA form and the new SIA form for Lump Sum Contract, which are Concurrent Causes of Delay, Final Account Claim and Payment of Contractor and Interim Certificates. The second approach is to conduct face-to-face interviews with the experienced practitioners in the Construction Industry who could shed some light on the general practices in the real world. This research reveals that the industry practices do not comply to the contract conditions strictly, therefore allowing more room for improvement during the practices by improving the Contract provisions.