List of construction companies in Singapore: The accelerated change in nearly every aspect of the economy driven by technological developments in the manufacturing and service industries has fuelled several paradigm shifts in business management. However, construction is singled out as one that is still dominated by attitudes, technologies, processes, and more importantly, a culture that is at least half a century old.
This paper investigates the challenges and opportunities for Singapore’s construction industry as it strives to be a world-class quality provider. It has been recognized that if high quality is to provide a sustained competitive advantage, world-class organizations must go beyond the skilled application of tools and techniques to include a whole shift in culture, values, beliefs, and assumptions guiding the organizational activities.
Building and construction authority Singapore
- The Building and Construction Authority (BCA) projects the total construction demand (i.e. the value of construction contracts to be awarded) in 2019 to range between S$27 billion and S$32 billion, comparable to the S$30.5 billion (preliminary estimate) awarded in 2018.
- The projected outlook is due to sustained public sector construction demand, which is expected to reach between S$16.5 billion and S$19.5 billion in 2019, contributing to about 60% of the projected demand for this year. Public construction demand is expected to be boosted by major infrastructure projects and a pipeline of major industrial building projects.
- The private sector’s construction demand is expected to remain steady at between S$10.5 billion and S$12.5 billion in 2019, supported by projects including the redevelopment of past en-bloc sales sites concluded prior to the second half of 2018 and new industrial developments.
- Last year’s total construction demand was within forecast due to strong demand from institutional building and civil engineering projects, continued positive growth in the manufacturing sector and more private residential redevelopment projects from en-bloc sales in 2017 and the first half of 2018. Total preliminary construction demand last year for the public and private sector was S$18.4 billion and S$12.1 billion respectively.
- BCA expects a steady improvement in construction demand over the medium term. Demand is projected to reach between S$27 billion and S$34 billion per year for 2020 and 2021 and could increase to between S$28 billion and S$35 billion per year for 2022 and 2023.
- The public sector is expected to contribute S$16 billion to S$20 billion per year from 2020 to 2023 with similar proportions of demand coming from building projects and civil engineering works. Besides public residential developments, public sector construction demand over the medium term will continue to be supported by big infrastructure projects such as the Cross Island Line, developments at Jurong Lake District and Changi Airport Terminal 5.
Construction business in Singapore
- BCA also expects private sector construction demand to gradually increase in the medium term, boosted by further growth in the other economic sectors.
- Based on the contracts awarded in the past few years and the construction demand forecast for 2019, total nominal construction output in 2019 is projected to increase to between S$28 billion and S$30 billion, compared to the estimated S$27 billion in 2018. This is supported by the improved construction demand in 2018 following the 2015-2017 slowdown.
Construction companies in Singapore
- As we continue to push for the adoption of advanced construction methods in both public and private sector projects to improve productivity and enhance infrastructure sustainability and maintainability, firms are encouraged to invest in technology and innovation which will enable them to seize future opportunities.
- To help firms do so, BCA will expand the Building Innovation Panel (BIP) – an inter-agency platform that accelerates the regulatory clearance of technologies that improve construction productivity to cover any type of innovation that can improve Singapore’s built environment. Such innovations can include advanced and sustainable building materials, technologies for green buildings and automation for construction.
- The enhanced BIP will be implemented in February 2019 and benefit Singapore’s built environment by supporting the innovation efforts of our firms.
Construction firms in Singapore
In Singapore, the difference between the performance of the construction industry and the rest of the economy in terms of quality, productivity and safety performance, among other criteria, has been highlighted in many reports and speeches. The most recent study is the government-appointed investigation into the state of Singapore’s construction industry undertaken by the Construction 21 Steering Committee comprising eminent practitioners representing all sections of the industry.
Its report, titled “Re-inventing Construction”, best known as “Construction 21 (C21)” was published in October 1999. The performance of the construction industry in Singapore is seen to lag behind those in countries such as Hong Kong, Australia, Japan, and the US. The C21 blueprint is underpinned by the strategic vision of Singapore’ industry, which is “to be a world-class builder in the knowledge age”. Under this vision, several recommendations were offered, under six strategic thrusts, to enhance performance on construction projects in Singapore.
Offshore construction Singapore
The C21 report is seen as a key milestone in the development of Singapore’s construction industry. The report highlighted the main weaknesses and strengths of the industry and its recent historical development. More importantly, the report examines the main initiatives that have been established to drive the industry to further improve its performance and image. The report provides key recommendations and targets for policies, legislation and key changes to the procedures and practices of the local construction industry and its main stakeholders should aim to achieve in order to realize set levels of improvements.
This study builds on the works and conclusions of the C21 report. The main research question for this study was why the construction industry in Singapore is in such a state and how it can change and improve itself. The study also draws on the experience of two similar reviews that have been conducted in the United Kingdom and Australia. The aim is to learn from their experience in attempting to solve and address similar problems.
List of construction companies in Singapore
The top construction companies in Singapore are the core of the construction industry in Singapore and they feature on the list of top construction companies in Singapore. The construction industry in Singapore was valued at around $27 billion in 2018 and is forecasted to grow at a CAGR of over 4% for the next five years.
The growth of the top 10 construction companies in Singapore is driven by the increased rate of constructional development and rebuilding happening in the region. The list of construction companies in Singapore is thriving as there is a lack of space on the island of Singapore and to accommodate the increasing population, taller buildings are being developed in place of the existing smaller buildings in the country.
The comprehensive list of building construction companies in Singapore include global players who are renowned all over the world for their premium quality of infrastructure.
Paramount eco hub Pte Ltd
Paramount Eco Hub Pte Ltd is one of the top 10 construction companies in Singapore on this list of top construction companies in Singapore. Paramount Eco Hub Pte Ltd is headquartered at Dunearn Road, Singapore and is featured highly on the list of building construction companies in Singapore. This top construction company in Singapore specializes in reconstruction activities, landscaping, and waterproofing services.
KTC Group is one of the best construction companies in Singapore in the list of building construction companies in Singapore. KTC Group was founded in 1988 by Chua Lai-Sang and is headquartered at Pandan Crescent, Singapore. This 10 top construction company in Singapore has an annual revenue of around $100 million and has more than 700 professionals working for this top of the list of construction companies in Singapore.
Lum chang building contractors Pte ltd
Lum Chang Building Contractors Pte Ltd is one of the top 10 construction companies in Singapore and is headquartered at Kung Chong Road, Singapore in the Lum Chang building. This best construction company in Singapore on the list of building construction companies in Singapore was founded by Lum Chang in the 1940’s and has an annual revenue of more than $150 million.
Mcconnell Dowell south east Asia Pte ltd
McConnell Dowell South East Asia Pte Ltd is another top 10 construction company in Singapore with the headquarters located at Chai Chee Road, Singapore. This one of the best construction companies in Singapore on the list of top construction companies in Singapore was founded in 1961 and has more than 3,500 employees on its payrolls. McConnell Dowell South East Asia Pte Ltd has an annual revenue of more than $200 million and is considered a pioneer in the Singapore construction industry.
Hwa Seng builder Pte ltd
Hwa Seng Builder Pte Ltd (HSB) is a leading construction company in Singapore on the list of building construction companies in Singapore for 2018. HSB is one of the top 10 construction companies in Singapore and the head office of this best construction company in Singapore is at Joo Koon Circle. This leading company on the list of construction companies in Singapore was founded in 1992 and has an annual revenue of almost $150 million with around 150 employees.
Best construction management books
One of the keys to being successful in any career is to research as much as you can. This research includes everything from the basics to what it takes to make it in that field.
You can look almost anywhere for the information you’re looking for, but for most fields of study, books are still your best resource. This is true for construction management, and there is plenty of useful construction management material out there to choose from.
Contract Administration and Procurement in the Singapore Construction Industry
Written to educate and equip aspirant professionals, industry practitioners, and students in the knowledge and practice of contract administration and procurement in the Singapore Construction Industry, this book discusses the roles and relationship of the different parties (e.g. Owner, Architect, Quantity Surveyor), tendering procedures, project delivery methods, payments, variations, final account, and other aspects for the administration of construction contracts in Singapore.
Building a Successful Construction Company
How you can make your construction company more profitable. A ‘must-read’ before you price your next project. Many construction companies fail despite the hard work and knowledge of their managers and owners. Some companies even start well, earning good profits, building successful projects, and the company grows – only for it all to come crashing down, often leaving a mountain of debts behind.
So why do construction companies fail? Is it due to bad luck?This book explores important aspects of managing a construction company that impact its success and profitability.Paul Netscher
Construction Management: From Project Concept to Completion
Essential reading for project owners and project managers. The author of several well-regarded construction management books once again shares useful practical construction management information. Filled with invaluable tips, insights, examples, and advice, this easy to read book takes you from project inception, where the project scope, size, and location are decided.
To planning, budgeting, appointing the project team, investigations, the design process, selecting the right contractor, dealing with project risks, preliminary work, dealing with project stakeholders, managing the construction process, and finally, commissioning and project completion.
How large is the Singapore economy?
Singapore is the 38th-largest economy in the world by GDP (346,621 million US$). The top 10 countries by GDP (nominal) are World, United States, China, Japan, Germany, United Kingdom, France, India, Italy, Brazil, Canada.
Singapore’s economy has been ranked as the most open in the world, 3rd least corrupt, most pro-business, with low tax rates (14.2% of Gross Domestic Product, GDP) and has the third-highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP). APEC is headquartered in Singapore.
The Worldwide Holiday Costs Barometer by Post Office suggests that Singapore is the most expensive holiday destination worldwide, while in Asia, Tokyo is the cheapest. Something sounds wrong. According to them, this bundle of items totals up to £153.72 in Singapore’s district of Chinatown.
The Building and Construction Authority (BCA) is an agency under the Ministry of National Development, championing the development of an excellent built environment for Singapore.
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