Construction Cost Handbook Malaysia
Overview The construction industry makes up an important part of the Malaysian economy due to the amount of industry linked to it and the number of people it employs. It is considered one of the most substantial economic drivers for Malaysia. The value of the construction industry is estimated at RM66.34 billion (US$15.01 billion using exchange rate of 4.4) with a forecasted growth of 6.6 percent year-on-year for 2017 and driven mainly by the civil engineering sub-sector (33.2 percent). Source: National Resources BMI. The Construction Industry Development Board (CIDB) regulates the construction sector and broadly classifies the construction sector in Malaysia as those that are involved in: • General Construction - This sub-sector is further divided into: • Residential & Non-Residential which basically comprises residential construction, non-residential construction and civil engineering construction. • Special Trade Works which comprises activities such as metal works, electrical works, plumbing, sewerage and sanitary works, refrigeration and air-conditioning works, painting works, carpentry, tiling, flooring works and glass works. • Infrastructure • Includes bridges, airports, roads, and other public sector project.
Registration with the CIDB is mandatory for all local companies involved in the construction sector. Foreign contractors can only register on a project-to-project basis. Construction companies are graded according to the amount/value of the jobs they are able to handle: Grade Project Value Grade 1 less than RM100,000 Grade 2 RM100,001 - RM500,000 Grade 3 RM500,000 - RM 1,000,000,000 Grade 4 RM1,000,000,001 - RM3,000,000,000 Grade 5 RM3,000,000,001 - RM5,000,000,000 Grade 6 RM5,000,000,001 - RM10,000,000,000 Grade 7 greater than RM10,000,000,000. Source: CIDB Grading Systems To qualify for these grades, companies must prove they have the required number of qualified personnel specified by CIDB under their employment. Construction Materials The chart below showcases the Malaysian and U.S. Trade statistics only for the following HS codes: 4409, 4410 4411, 6807, 6809, 6810, 6811, 6904, 6905, 6910, 7203, 7205, 7207, 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7215, 7216,7217,7218,7219, 7220, 7221, 7222, 7223, 7224, 7225, 7226, 7227, 7228, 7229, 7391, 7303, 7304, 7305, 7306, 7307, 7308, 7317, 7318, 7610, 8413. Note that this table does not include any values attributed to trade of services.
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Shanghai Beijing Hong Kong India (Tier I Cities) India (Tier II Cities) UAE West Malaysia East Malaysia Maldives (N/A). Construction costs (graphical) 22. Annual Construction Cost Handbook. Construction Cost Handbook Vietnam 2017, Construction Cost Handbook Malaysia 2017, Construction Cost Handbook Singapore 2017.
2014 2015 2016 Total Exports 6,573,081,908 5,818,419,224 4,424,105,917 Total Imports 8,082,570,570 6,254,984,160 6,383,900,753 Imports from the US 1,509,488,662 436,564,936 1,959,794,836 Malaysian Exports to the US 197,546,059 200,751,713 200,547,105 Exchange Rates 3.28 3.91 4.15 Source: Department of Statistics Malaysia Leading Sub-Sectors Opportunities in general construction are limited. Most of the inputs are in labor and materials that are procured locally and are price sensitive. Foreign companies have advantages in modular, non-cellulosic, concrete-based building technologies that are green and environmentally sustainable. Industrialized Building System (IBS) or prefabricated systems are also being promoted by CIDB. There are continued and on-going investments in projects that present opportunities: the Refinery and Petrochemicals Integrated Development (RAPID) in Pengerang, Johor; the Pan Borneo Highway in East Malaysia; the Mass Rapid Transit 2 (MRT2); the Light Rail Transit 3 (LRT3) and flood mitigation. In the infrastructure construction subsector, due to complexity of the jobs, local consortiums will usually seek out foreign partners with relevant expertise. Opportunities The following opportunities are part of the 11 th Malaysia Plan, which runs from 2016 until 2020.