Abstract
Sustainability issues had become one of the top issues of Malaysia construction industry. The implication of sustainable dimensions into construction project helps in generating buildings which are energy efficient, healthy, comfortable and flexible while at the same time increases its durability. Value management (VM) is proposed as a tool used to promote sustainable building (SB). VM aims to achieve optimum value of a project based on its objectives and its approach is much similar with sustainability which ideally focusing on achieving values, not just economically, but environmentally and social aspects of the project. This paper investigated the practicability of the VM-SB integration in the Malaysia construction industry. It explores the development and practices of VM-SB concept as well as assessing the performance criteria of integrating VM in SB projects. Findings from the questionnaire surveys which were distributed to G7 contractors showed that the VM-SB integration is still low but gradually increasing. More knowledge and understanding of both concepts are needed prior to be implemented into a project as there are potentials for VM-SB concept to be adapted to all projects in the near future.
Highlights
Malaysia as a developing nation, the continuous demand for construction projects has helped in contributing to the economy
This paper investigated the practicability of the Value management (VM)-sustainable building (SB) integration in the Malaysia construction industry
(EPU) Circular 1/2015, which was initiated by the Economic Planning Unit (EPU) in collaboration with Construction Industry Development Board of Malaysia (CIDB) and the Institute of Value Management Malaysia (IVMM) in 2009 to be used in construction projects as its implementation helps in producing various benefits to the project
Summary
Malaysia as a developing nation, the continuous demand for construction projects has helped in contributing to the economy. VM is widely accepted and practised in many countries (Abd-Karim, Rahmin, Mohd Danuri and Mohamed, 2014) It is introduced since 1986 in Malaysia and has been increasingly accepted ever since the authorization of VM circular 3/2009 by the Economic Planning Unit (EPU) of the Prime Minister’s Department, for which VM is made mandatory for all public projects exceeding RM50 million. Majority of the respondents (38%) has less than 5 years of working experiences in the industry followed by 5-10 years of experiences (28%). The respondents whom are considered seniors in the industry and can provide valuable information to this research contributed to the remaining 34%. Different stages of VM helps in evaluate and increase the performance of SB
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