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PR Newswire
01-03-2014, 11:07 AM
Productivity Challenge stumps builders - ST by Cheryl Ong
"Contractors don't have this budget to pay (for innovation)," said construction director Jeffrey Teo of Lian Beng Construction.
"Even then you must have the project to invest for; I can't just buy(machine) and stocks up."
Big contracts for MRT lines are awarded to large foreign players gives local firms even less incentive to invest.
"If you innovate but can't get jobs, it would take a long time to recover your costs," noted Mr Daniel Or, executive director OKP Holdings.
The industry is also young given Singapore's development only started in the 1960s, said Mr or, and it was only in the past 10 to 15 yr that more complex projects came into the scene.
Love Compassion
A Life not Reflected is a Life not Worth Living.
"Contractors don't have this budget to pay (for innovation)," said construction director Jeffrey Teo of Lian Beng Construction.
"Even then you must have the project to invest for; I can't just buy(machine) and stocks up."
Big contracts for MRT lines are awarded to large foreign players gives local firms even less incentive to invest.
"If you innovate but can't get jobs, it would take a long time to recover your costs," noted Mr Daniel Or, executive director OKP Holdings.
The industry is also young given Singapore's development only started in the 1960s, said Mr or, and it was only in the past 10 to 15 yr that more complex projects came into the scene.
Love CompassionA Life not Reflected is a Life not Worth Living.
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