{"id":57820,"date":"2017-06-14T05:00:52","date_gmt":"2017-06-13T22:00:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-public-building-tenders-to-place-greater-emphasis-on-quality-over-price\/"},"modified":"2017-06-14T10:29:57","modified_gmt":"2017-06-14T03:29:57","slug":"new-public-building-tenders-to-place-greater-emphasis-on-quality-over-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-public-building-tenders-to-place-greater-emphasis-on-quality-over-price\/","title":{"rendered":"New public building tenders to place greater emphasis on quality over price"},"content":{"rendered":"


\n\u00a0
\nNational Development Minister Lawrence Wong on Tuesday (13 June) unveiled plans to pilot a new type of public tender which place greater emphasis on quality over price, reported The Straits Times.
\nThis comes as the property downturn has seen firms bidding at excessively low rates just to win a project.
\n\u201cUnhealthy price competition can lead to negative consequences for the whole industry\u2026 Consultants and contractors who bid very low to get the contract end up having to cut cost, and worse still, cut corners,\u201d said Wong at the annual Building and Construction Authority (BCA) awards ceremony.
\nTo prevent fee-diving among firms, the government will eventually increase the 30 percent weightage currently given to the quality of the consultant or contractor during tender evaluation, he said, without providing a timeline.
\nAside from this, agencies will be stricter in penalising firms that fail to deliver to the quality standards, while more weight will be given to those that have adopted new construction technologies, such as virtual design and construction (VDC) and design for manufacturing and assembly (DfMA).
\nOnce implemented, this will provide progressive firms an edge in public sector tender.
\nNotably, the government has already required the use of DfMA technology in some land sale sites for private developments since 2014.
\nMoreover, contractors and developers will be required to include their quality scores in their sales documents.
\n\u201cGreater access to such quality scores will help consumers make more informed choices,\u201d noted Wong.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New public building tenders to place greater emphasis on quality over price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 National Development Minister Lawrence Wong on Tuesday (13 June) unveiled plans to pilot a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-57820","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-f2A","jetpack-related-posts":[{"id":114047,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-review-found-no-sign-of-collusion-among-developers\/","url_meta":{"origin":57820,"position":0},"title":"Government review found no sign of collusion among developers","date":"February 4, 2020","format":false,"excerpt":"\r National Development Minister Lawrence Wong shared that no cases of wrongdoing was found by his ministry. A government-led review has dismissed a claim that developers have been colluding with each other when bidding on Government Land Sales (GLS) tenders \u2013 an act which National University of Singapore (NUS) academics\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mtr-may-sell-land-site-atop-wong-chuk-hang-station-amid-rising-home-prices\/","url_meta":{"origin":57820,"position":1},"title":"MTR may sell land site atop Wong Chuk Hang station amid rising home prices","date":"February 8, 2018","format":false,"excerpt":"\r Hong Kong\u2019s subway operator MTR Corp may release one of the largest parcels of land for residential development \u2013 atop the Wong Chuk Hang station \u2013 on the south side of Hong Kong Island for tender in 2018 despite a volatile stock market. MTR\u2019s property director David Tang Chi-fai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73415,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citys-builders-dominate-wong-chuk-hang-land-sale-regaining-upper-hand-over-chinese-rivals\/","url_meta":{"origin":57820,"position":2},"title":"City\u2019s builders dominate Wong Chuk Hang land sale, regaining upper hand over Chinese rivals","date":"December 1, 2017","format":false,"excerpt":"\r A plot of residential land for sale by tender in the south of Hong Kong Island may be the latest proof that local developers are close to regaining the upper hand in the competition for space to build their projects. A plot next to the Wong Chuk Hang subway\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-december-2016\/","url_meta":{"origin":57820,"position":3},"title":"News Roundup (December 2016)","date":"December 21, 2016","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. \u00a0 BTO flat supply to taper in 2017: Lawrence Wong The government will gradually taper the supply of Build-To-Order (BTO) flats in 2017, with the HDB launching around 17,000 units, down from the 18,000 units launched this year, revealed National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/12\/auctions-e1482291227621.jpg?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-pricing-model-for-greater-southern-waterfront-flats\/","url_meta":{"origin":57820,"position":4},"title":"New pricing model for Greater Southern Waterfront flats","date":"September 20, 2019","format":false,"excerpt":"\r Wong explained that the new measures are aimed at providing \u201ca better balance between new and resale (flats) in terms of grants\u201d In a bid to mitigate the \u201clottery effect\u201d of securing a subsidised flat within the Greater Southern Waterfront, Minister for National Development Lawrence Wong revealed that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-chuk-hang-station-draws-few-bids-from-property-developers-as-site-requires-huge-investment\/","url_meta":{"origin":57820,"position":5},"title":"Wong Chuk Hang Station draws few bids from property developers as site requires huge investment","date":"August 7, 2018","format":false,"excerpt":"\r A major land site in Hong Kong\u2019s Wong Chuk Hang area has received lukewarm response from developers as it will require as much as HK$37.65 billion (US$4.79 billion) to develop and could become the city\u2019s most expensive real estate on the railway line by 2024. 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