The level of awareness of standard form of building contract by Asian International Arbitration Centre (AIAC) among construction professionals in Malaysia / Fifi Aiza Udin

• Main Author: Udin, Fifi Aiza
• Format: Student Project
• Language: English
• Published: 2020
• Subjects: Construction industry; Research; Estimates. Measurements. Quantities and cost
• Online Access: http://ir.uitm.edu.my/id/eprint/43054/1/43054.pdf; http://ir.uitm.edu.my/id/eprint/43054/

For many years, the construction industry has been contaminated with different encompassing issues particularly the contract agreement itself. In the Malaysian construction industry, different form of contract is being used in both the private and government sectors such as PWD 203A (Rev. 1/2010) and PAM 2018 (With Quantities). However, the usage of standard form is still lacking due to barriers such as high dependency of existing standard form of contract, lack of trust, fear of taking risk and many more. In the year 2018, the Asian International Arbitration Centre has produced and established a new standard form of contract which is the Standard Form of Building Contract 2019 by AIAC. Despite that, a study shows that even though the AIAC standard form of contract was officially introduced to the construction industry, it is still not commonly applied. Hence, this research is being carried out and the aim of this research is to determine the level of awareness of Standard Form of Building Contract by AIAC among construction professionals in Malaysia. As for the objectives of this research, it is to study the differences of Standard Form of Building Contract by AIAC and PAM 2018, the level of awareness on the application of AIAC Contract 2019 as well as the barriers in the application of the standard form. A survey is conducted among construction professionals in Malaysia and through literature review done by the previous researchers. The findings will be analysed by using SPSS Version 22.0 with the support of previous researches. As a result, it has been discovered that lack of awareness is the main factor towards the slow application of Standard Form of Building Contract by AIAC in the construction industry.