Message by President, Singapore Electrical Trades Association (SETA)
The construction industry is a significant contributor to Singapore’s economy, contributing about 6% of the nation’s gross domestic product. While a few of the major infrastructure projects in the public sector were rescheduled in 2017 for 2018, the value of construction contracts to be awarded in 2018 is expected to be from S$26 to S$31 billion. Public demand may be off the highs, but workload remains high on a steady pipeline of civil construction projects.
Apart from big ticket projects like the Jurong Region Line and Changi Airport Terminal 5, the government is bringing forward the start dates of smaller building projects such as the upgrading of community centres, sports centres and police posts. Generally worth S$100 million or less each, these smaller-scale projects will benefit the small and medium-sized enterprises.
The government is committed to developing the industry. The Construction Industry Transformation Map (ITM) was launched in October 2017. Part of Singapore's plan to restructure its economy, it aims to transform the entire process and value chain, from end-to-end.
Under the roadmap, Design for Manufacturing and Assembly (DfMA) is the preferred method of construction. As large building modules are manufactured in factories and assembled onsite Lego-like, it enables projects to be completed faster, cleaner, quieter and with better quality. Digital tools are being harnessed to allow parties involved in the building process to share information. By integrating the entire building lifecycle and its various parties via digital information, the Integrated Digital Delivery (IDD) enables improved accuracy of construction plans and improved co-ordination of the production, delivery and installation of building modules onsite. As the industry scales up, it will offer better opportunities for Singaporeans specialising in green buildings, DfMA and IDD.
Change brings with it challenges as well as opportunities. Let us work together to address the challenges as they arise and ride the wave of transformation in the construction industry.
On this hopeful note, I would like to thank Marshall Cavendish Business Information Pte Ltd for publishing the Singapore Source Book for Architects, Designers and Building Contractors. By bringing together the entire building industry in a single database and making the information accessible to those who need it, it has enabled SETA members to benefit from the construction market.
Singapore Electrical Trades Association