Developing world class construction companies in Singapore

Abstract

The construction industry in Singapore is under pressure to improve its performance and the quality of its products and services. The Government is looking to see Singapore develop into a knowledge-based economy, and construction cannot be left behind. A recently published report about re-inventing construction has called on the industry to become a world-class industry. This study examines the attitudes and views of contractors, operating in Singapore, on how and where developments should be focused to bring about such a transformation. The results show that local contractors are not overly enthusiastic about becoming worldclass. The study found also that contractors expect the development to be Government led, with policies and incentives to support such an effort. At the same time there is a feeling that current Government policies are not effective in enabling the industry to become world-class.