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Implementation of performance based contracting in Malaysia

Performance based contracting (PBC) has been used for several years in other countries.This procurement approach however can be considered new in Malaysia.In the past, this type of procurement was popular in lines such as production, maintenance, military, supply and service businesses.This paper st...

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Main Authors: Anwar, Muhamad Firdaus, Md. Shariff, Nur Diyana, Teoh, Chia Chia, Lim, Xin Jie, Riazi, Salman Riazi Mehdi, Mohd Nawi, Mohd Nasrun
Format: Article
Language:English
Published: 2016
Subjects:
TH Building construction
Online Access:http://repo.uum.edu.my/22325/1/IRMM%20%206%20S8%202016%2C%20286-293.pdf
http://repo.uum.edu.my/22325/
https://www.econjournals.com/index.php/irmm/article/view/4062
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spelling my.uum.repo.223252017-06-07T07:28:30Z http://repo.uum.edu.my/22325/ Implementation of performance based contracting in Malaysia Anwar, Muhamad Firdaus Md. Shariff, Nur Diyana Teoh, Chia Chia Lim, Xin Jie Riazi, Salman Riazi Mehdi Mohd Nawi, Mohd Nasrun TH Building construction Performance based contracting (PBC) has been used for several years in other countries.This procurement approach however can be considered new in Malaysia.In the past, this type of procurement was popular in lines such as production, maintenance, military, supply and service businesses.This paper studies about the challenges, benefits, tools, strategies and aspects of PBC that can be adopted from other countries and relates it for the purpose of improving Malaysian construction industry.Using outcomes from a series of open-ended interviews as well as from theoretical literature review, this paper also explores both success and failure factors of PBC and suggests a way in which it can be used in Malaysian construction industry. Finding from interviews indicates that Malaysian status of PBC implementation is not as expected. People are aware of PBC but the implementation is not well enough and it relates to the challenges from external and internal causes.However, tools like financial management and services improvement from PBC as well as encouragement and spread of awareness can be used to improve Malaysian construction industry. 2016 Article PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/22325/1/IRMM%20%206%20S8%202016%2C%20286-293.pdf Anwar, Muhamad Firdaus and Md. Shariff, Nur Diyana and Teoh, Chia Chia and Lim, Xin Jie and Riazi, Salman Riazi Mehdi and Mohd Nawi, Mohd Nasrun (2016) Implementation of performance based contracting in Malaysia. International Review of Management and Marketing, 6 (8S). pp. 286-293. ISSN 2146-4405 https://www.econjournals.com/index.php/irmm/article/view/4062
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic TH Building construction
spellingShingle TH Building construction
Anwar, Muhamad Firdaus
Md. Shariff, Nur Diyana
Teoh, Chia Chia
Lim, Xin Jie
Riazi, Salman Riazi Mehdi
Mohd Nawi, Mohd Nasrun
Implementation of performance based contracting in Malaysia
description Performance based contracting (PBC) has been used for several years in other countries.This procurement approach however can be considered new in Malaysia.In the past, this type of procurement was popular in lines such as production, maintenance, military, supply and service businesses.This paper studies about the challenges, benefits, tools, strategies and aspects of PBC that can be adopted from other countries and relates it for the purpose of improving Malaysian construction industry.Using outcomes from a series of open-ended interviews as well as from theoretical literature review, this paper also explores both success and failure factors of PBC and suggests a way in which it can be used in Malaysian construction industry. Finding from interviews indicates that Malaysian status of PBC implementation is not as expected. People are aware of PBC but the implementation is not well enough and it relates to the challenges from external and internal causes.However, tools like financial management and services improvement from PBC as well as encouragement and spread of awareness can be used to improve Malaysian construction industry.
format Article
author Anwar, Muhamad Firdaus
Md. Shariff, Nur Diyana
Teoh, Chia Chia
Lim, Xin Jie
Riazi, Salman Riazi Mehdi
Mohd Nawi, Mohd Nasrun
author_facet Anwar, Muhamad Firdaus
Md. Shariff, Nur Diyana
Teoh, Chia Chia
Lim, Xin Jie
Riazi, Salman Riazi Mehdi
Mohd Nawi, Mohd Nasrun
author_sort Anwar, Muhamad Firdaus
title Implementation of performance based contracting in Malaysia
title_short Implementation of performance based contracting in Malaysia
title_full Implementation of performance based contracting in Malaysia
title_fullStr Implementation of performance based contracting in Malaysia
title_full_unstemmed Implementation of performance based contracting in Malaysia
title_sort implementation of performance based contracting in malaysia
publishDate 2016
url http://repo.uum.edu.my/22325/1/IRMM%20%206%20S8%202016%2C%20286-293.pdf
http://repo.uum.edu.my/22325/
https://www.econjournals.com/index.php/irmm/article/view/4062
_version_ 1644283486526242816
score 13.211869

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