ISSUES OF PAYMENT PROCUREMENT PROCESS FOR INDUSTRIALISED BUILDING SYSTEM (IBS) PROJECT

2016 ◽  
Vol 78 (5-10) ◽  
Author(s):  
Natasha Dzulkalnine ◽  
Mohamed Nor Azhari Azman ◽  
Khuan Wai Bing ◽  
Nurul Fadly Habidin ◽  
Abdul Rahman Ayub
Keyword(s):  
Financial Institution ◽  
Decision Makers ◽  
Design Stage ◽  
Model Framework ◽  
Financial Model ◽  
Procurement Process ◽  
Project Completion ◽  
High Initial Cost ◽  
Building System ◽  
The Government

This research paper intends to investigate the issues of payment procurement process for Industrialised Building System (IBS) Project. There are many differences of payment procurement process between conventional and IBS project. The IBS project requires upfront payment as compared with conventional project. Up to this moment, there is no single solution to this issue. Very often, the IBS contractor faces financial difficulty leading to the bankruptcy and delaying in the project completion. Thus, a preliminary study was undertaken with 21 samples of respondents that have a variety of background occupational. The findings from the study revealed that the issue of payment for IBS contractors comprises of five (5) main factors which are high initial cost, difficulty in securing timely and adequate financing, lack of integration at design stage, difficulty to get loans from financial institution and increment of material prices. Findings from this study may help the decision makers including the government or Construction Industry Development Board (CIDB) to formulate a new procurement process especially for the IBS contractor. The findings will be used for the financial model framework for the IBS contractor in the future.

READINESS FOR INDUSTRIALIZED BUILDING SYSTEM IMPLEMENTATION AMONG MALAYSIAN ARCHITECTURAL FIRMS’ MEMBERS

2016 ◽  
Vol 78 (7) ◽  
Author(s):  
Mohd Hanizun Hanafi ◽  
Arniza Abas ◽  
Fazdliel Aswad Ibrahim ◽  
Shardy Abdullah
Keyword(s):  
Construction Industry ◽  
Decision Maker ◽  
Demographic Variables ◽  
Design Stage ◽  
Industrial Building ◽  
Construction Stage ◽  
Building System ◽  
The Government ◽  
One Way Anova ◽  
Architectural Firms

The Malaysian construction industry has lags behind other industries in terms of performance that had drawn the attention to implement innovative construction method like Industrial Building System (IBS). However, the implementation of IBS in Malaysia remains low although the Government had commenced various efforts. The architects have been perceived as the prime mover for construction innovations by integrating their roles as designer, manager, and professional advisor with their strength in design. Therefore, this paper is designed to assess readiness for IBS implementation among organizational members of architectural firms by examining the influence of demographic backgrounds. The study distributes questionnaires to randomly selected respondents who represent firms that are located in highly developed states in Malaysia. Various analysis techniques have been used namely Cronbach’s Alpha coefficients, frequency, mean, standard deviation, one-way ANOVA, and independent samples t-test towards achieving the research objective. The findings disclose that working experience in tender and construction stage (more than 18 years) indicate high likelihood of readiness to implement IBS. This research also reveals that demographic variables (job designation, working experience in design stage, and working experience in tender and construction stage) has significant impacts on the decision maker category, whereas decision maker is the most influential aspect for organizational readiness to implement IBS.  

scholarly journals Perception Analysis of Industrialized Building System (IBS) Implementation for G7 Contractors in Kuching, Sarawak

2021 ◽  
Vol 14 ◽  
pp. 1-7
Author(s):  
Yee Yong Lee ◽  
Nurul Mizatul Qamarina Abdullah ◽  
Yeong Huei Lee ◽  
Hun Chuen Gui ◽  
Andrew Whyte
Keyword(s):  
Construction Industry ◽  
Environmental Sustainability ◽  
Construction Materials ◽  
Design Stage ◽  
Construction Methods ◽  
Additional Costs ◽  
Building System ◽  
The Government ◽  
Perception Analysis ◽  
The Impact

Industrialized Building System (IBS) is one of the initiatives underpinning the green construction zeitgeist. A myriad of advantages can be associated with adopting IBS in construction, including inter alia, improved construction quality and productivity, minimisation of construction waste, optimisation of construction materials on-site, enhanced environmental sustainability, and many others. In spite of these advantageous propositions, there is exist a gap in the exposure towards IBS construction methods, particularly in the city of Kuching, Sarawak, as compared to more familiar conventional methods. Thus, the purpose of this study is to identify the issues and challenges experienced by contractors in their IBS endeavour as well as to propose a framework of solution. Moreover, this study investigated the impact of IBS adoption by G7 contractors registered with the Construction Industry Development Board (CIDB) of Sarawak. Data of this study was collected via questionnaires distributed to the G7 contractors and subsequently analysed using descriptive and mean analysis. Results obtained from the study suggested that IBS construction method enhances the efficiency of construction for speedier completions, which recorded the highest ranking. Conversely, lowering the costs of construction through optimisation of materials registered the lowest ranking, suggesting that contractors do not necessarily perceive IBS as having a cost-saving ability. This study showed that IBS helps to improve the efficiency of the construction process. However, respondents were still uncertain that adopting IBS can reduce costs. This corresponds to the finding in which the most significant challenge perceived by the contractors was related to cost. This suggested a lack of integration between the different stakeholders, especially during the design stage, often resulting in the need for redesign works that required additional costs when IBS is to be adopted. In this regard, it was not a surprise to find that “promotions” obtained the top ranking as a solution in overcoming the IBS challenges. Hence, support from both the government and the private sector needs to be garnered and diligently promoted, so that the adoption of IBS in the Sarawak construction industry can be properly enhanced.

Pelaksanaan Jaminan Kesehatan Oleh BPJS Kesehatan Dalam Perspektif Syariah

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 110-118
Author(s):  
Iwan Subandi ◽  
Fathurrahman Djamil
Keyword(s):  
Health Care ◽  
Financial Institution ◽  
Social Supports ◽  
Religious Leaders ◽  
The Public ◽  
The People ◽  
The Social ◽  
Ministry Of Finance ◽  
Health Support ◽  
The Government

Health is the basic right for everybody, therefore every citizen is entitled to get the health care. In enforcing the regulation for Jaringan Kesehatan Nasional (National Health Supports), it is heavily influenced by the foreign interests. Economically, this program does not reduce the people’s burdens, on the contrary, it will increase them. This means the health supports in which should place the government as the guarantor of the public health, but the people themselves that should pay for the health care. In the realization of the health support the are elements against the Syariah principles. Indonesian Muslim Religious Leaders (MUI) only say that the BPJS Kesehatan (Sosial Support Institution for Health) does not conform with the syariah. The society is asked to register and continue the participation in the program of Social Supports Institution for Health. The best solution is to enforce the mechanism which is in accordance with the syariah principles. The establishment of BPJS based on syariah has to be carried out in cooperation from the elements of Social Supports Institution (BPJS), Indonesian Muslim Religious (MUI), Financial Institution Authorities, National Social Supports Council, Ministry of Health, and Ministry of Finance. Accordingly, the Social Supports Institution for Helath (BPJS Kesehatan) based on syariah principles could be obtained and could became the solution of the polemics in the society.

TANGGUNGJAWAB REKTOR SEBAGAI KPA DALAM PENGELOLAAN KEUANGAN PERGURUAN TINGGI NEGERI YANG MENYELENGGARAKAN PENGELOLAAN KEUANGAN BADAN LAYANAN UMUM (PTN PK-BLU)

2018 ◽  
Vol 2 (3) ◽  
pp. 427
Author(s):  
Dewi Kania Sugiharti ◽  
Muhammad Ziaurahman ◽  
Sechabudin Sechabudin
Keyword(s):  
Public Service ◽  
The State ◽  
Service Agency ◽  
State Budget ◽  
Procurement Process ◽  
The Law ◽  
The Government

Universities that apply the concept of Public Service Agency (BLU - PK PTN ) in performing functions as an organ which is engaged in the service infrastructure support through goods or services . As an institution under the auspices of the government and the state budget receives PTN PK - BLU implement mechanisms to acquire goods or services in accordance with the law. However, the procurement process in obtaining goods or services sometimes poses problems that arise as a consequence of the passage of the procurement of goods or services involving the organs in it as PA / KPA , KDP , ULP , and Committee / Receiver Procurement Officer. Rector of the KPA in PK - BLU PTN has the authority to control the organs that carry out the process of procurement of goods / services in the environment . Errors in the procurement process of goods / services performed by the CO and the ULP / Procurement Officer causing state losses due to these errors, either due to negligence or unlawful acts. As the KPA in the process of procurement of goods / services Rector can control the organs in accordance with the authority given. The consequences are acceptable if the authorities ultimately the procurement of goods / services did not heed the warning Rector officials related procurement process of goods / services will receive sanctions. Keywords: Authorized Budget, Financial State.

Accounting for multi-dimensional dependencies among decision-makers within a generalized model framework: An application to understanding shared mobility service usage levels

2018 ◽  
Vol 72 ◽  
pp. 129-137 ◽  
Author(s):  
Pragun Vinayak ◽  
Felipe F. Dias ◽  
Sebastian Astroza ◽  
Chandra R. Bhat ◽  
Ram M. Pendyala ◽  
...  
Keyword(s):  
Decision Makers ◽  
Service Usage ◽  
Model Framework ◽  
Generalized Model ◽  
Mobility Service ◽  
Shared Mobility

Discursive Democracy and New Labour: Five Ways in Which Decision-Makers Manage Citizen Agendas in Public Participation Initiatives

2004 ◽  
Vol 9 (3) ◽  
pp. 1-17 ◽  
Author(s):  
Mike Williams
Keyword(s):  
Public Participation ◽  
Policy Making ◽  
Local Authority ◽  
Public Support ◽  
Final Analysis ◽  
New Labour ◽  
Decision Makers ◽  
The Public ◽  
Labour Policy ◽  
The Government

New Labour's conceptualisation of public participation in local government creates a tension in public participation practice. Government legislation and guidance require local authorities to develop and provide citizen-centred services, engage the public in policy-making and respond to the public's views. Seen in this light, New Labour policy draws from radical democratic discourse. However, local authority staff are also expected to act in accordance with the direction set by their line managers, the Council and the government and to inform, engage and persuade the public of the benefit of their authority's policies. In this respect, New Labour policy draws from the discursive model of civil society, conceptualising public participation as a method for engendering civil ownership of the formal structures of representative democracy. Tension is likely to arise when the ideas, opinions and values of the local authority differ from those expressed by the participating public. This paper uses a local ‘public participation’ initiative to investigate how the tension is managed in practice. The study shows how decision-makers dealt with the tension by using participatory initiatives to supply information, understand the views of the public and encourage public support around pre-existing organisational agendas. Problems occurred when citizens introduced new agendas by breaking or manipulating the rules of participation. Decision-makers responded by using a number of distinctive methods for managing citizens’ agendas, some of which were accompanied by strategies for minimising the injury done to citizens’ motivations for further participation. The paper concludes that New Labour policy fails to deal with the tensions between the radical and discursive models of participation and in the final analysis draws mainly from the discursive model of participation. Furthermore, whilst New Labour policy promotes dialogue between the public and local authority, it does not empower local authority staff to achieve the goal of citizen-centred policy-making.

scholarly journals Techno-Economic Feasibility of Wind Power Farms in India

2020 ◽  
Vol 9 (5) ◽  
pp. 1041-1046
Keyword(s):  
Wind Energy ◽  
Wind Power ◽  
Private Equity ◽  
Resource Assessment ◽  
Economic Feasibility ◽  
Financial Model ◽  
Current Scenario ◽  
The Government ◽  
Wind Resource ◽  
Installed Capacity

Wind is a powerful and renewable source of energy that flows in every corner of the surface of the planet. As the world moves towards renewable and alternate energy sources, the potential of wind energy has been recognized and methods to use it to its maximum potential are being explored. India has been harnessing wind power over the years, but only lately, it has sent an ambitious target of achieving 60 gigawatts (GW) of wind installed capacity by 2022. The government has issued several tenders to invite private players or Independent Power Producers (IPPs) to develop wind energy projects. Many foreign investors and the Private Equity players have shown interest in investing in this growing renewable energy (RE) market in India. However, developing a wind project comes with lot many challenges as compared to any other RE project. These challenges range from land availability to seeking grid connectivity approvals and evacuation of the power. Along with this, the current reverse bidding process for the tariffs, have made the per unit tariffs to cost as low as INR 2.4. Hence, it is important to consider the technical and commercial feasibility of the project to function at these tariffs. This paper studies the current scenario of wind energy in the Indian market and analysis the potential for the development of wind projects. It also analyses the technical and commercial feasibility of the project by assuming a 300 MW project, having INR 2.5 as tariff, using Wind Resource Assessment (WRA) and Financial Model.

scholarly journals Ease of Doing Business Index: An Analysis of Investors Practical View

2021 ◽  
Vol 17 (1) ◽  
pp. 101-123
Author(s):  
Shakirat Adepeju Babatunde ◽  
Mohammed Kayode Ajape ◽  
Kabir Dandago Isa ◽  
Owolabi Kuye ◽  
Eddy Olajide Omolehinwa ◽  
...  
Keyword(s):  
Private Sector ◽  
World Bank ◽  
Return On Investment ◽  
Government Procurement ◽  
Cross Sectional ◽  
Procurement Process ◽  
Chamber Of Commerce ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
The Government

Abstract: This study investigates the effect of Ease of Doing Business Index (EDBI) on Return on Investment (ROI). The study employs a cross-sectional survey design covering five years from 2015 to 2019. The sample is 47 registered companies with the Lagos Chamber of Commerce and Industry, which is the most representative of the organised private sector group in Nigeria. The study adopts descriptive and linear regression statistical analysis. Findings show a statistically significant negative effect of Government policy continuity. The government procurement process, Raw materials availability and Quality of workforce show adverse effects. Traffic and transportation management, power supply and Security infrastructure show insignificant effect on ROI. Hence, findings indicate that Government procurement process is inimical to ease of doing business in Nigeria despite the government improvement efforts. Since government efforts are insufficient, the World Bank should incorporate private sector ideals into EDBI to create a synergy a robust EDBI. Keywords: Ease of Doing Business, ease of doing business index, return on investment, investors, World Bank.      Ease of Doing Business Index: Sebuah Analisis terhadap Pandangan Praktis InvestorAbstrak: Penelitian ini menginvestigasi pengaruh Ease of Doing Business Index (EDBI) terhadap Return on Investment (ROI). Penelitian ini menggunakan desain survei cross-sectional dari tahun 2015 sampai dengan tahun 2019. Sampel penelitian ini adalah 47 perusahaan yang terdaftar di Lagos Chamber of Commerce and Industry. Penelitian ini menggunakan analisis deskriptif dan statistik regresi linear. Dari berbagai elemen EDBI, temuan dari penelitian ini menunjukkan adanya pengaruh negatif yang signifikan antara keterlanjutan kebijakan pemerintah terhadap ROI. Proses pengadaan pemerintah, ketersediaan bahan mentah, dan kualitas tenaga kerja menunjukkan pengaruh berkebalikan dengan ROI. Lalu lintas dan manajemen transportasi, supply listrik, dan infrastruktur keamanan menunjukkan pengaruh tidak signifikan terhadap ROI. Usaha pemerintah dalam meningkatkan proses pengaadaan pemerintah masih belum memadai karena masih kecilnya pengaruh terhadap EDBI Nigeria. World Bank sebaiknya memasukkan pengaruh sektor privat dalam indikator EDBI sebagai upaya menciptakan sinergi antara pemerintah dan sektor privat untuk peningkatan EDBI dan dampaknya pada ekonomi. Kata kunci: Ease of Doing Business, indeks kemudahan berbisnis, pengembalian investasi, investor, Bank Dunia

scholarly journals Peran Lembaga Keuangan Syariah dalam Pemberdayaan UMKM di Indonesia

2017 ◽  
Vol 8 (1) ◽  
pp. 95
Author(s):  
Singgih Muheramtohadi
Keyword(s):  
Financial Institution ◽  
Real Sector ◽  
Business Sector ◽  
Grameen Bank ◽  
Financial Service Authority ◽  
For Profit ◽  
History Of ◽  
The Government ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Syariah Financial Institution means that the financial institution is run based on the Islamic teaching that refers to Qur’an and the Sunnah. Practically, it beganin early history of Islam, then was developed into Syariah Financial Institution. So, the purpose of Syariah Financial Institution is not merely for profit orientation. Further, it should be in accordance with Islamic value and the human philanthropy. Most of Syariah Financial Institution’s financing is for business sector and its ability to reach the micro business, that can’t be done by commercial banks. The financing for small business is funded by Islamic institutions due to Grameen Bank effect. Previously, Grameen Bank was built in mid-decade of 1970. The Financing of Syariah Financial Institution, in any sort, including cooperative union or BMT (Baitul Maal wa Tamwil), increased over time in both Institution Revenue and the Financing Rate. According to Financial Service Authority, most of financing of Syariah Banking is for the Micro, Small, Medium Enterprises that is very important for the nation economy, because it is engaged in the real sector of economy. And the other characters of the Micro, Small, medium enterprises in Indonesia are holding the honesty ethics and resistante to the crisis. They are the strengths of UMKM which must be considered to make the decision by the government or the Financial Institutions.Lembaga Keuangan Syariah (LKS) berarti badan yang bergerak di bidang keuangan yang dilandaskan pada ajaran Islam yang bersumber pada al Qur’an dan As Sunnah. Praktek ini sudah terdapat pada sejarah awal Islam, dan asas moralitas Islam dikembangkan dalam bentuk LKS. Sehingga, tujuan dari LKS tidak semata Profit Oriented, melainkan terdapat unsur-unsur keislaman dan kemanusiaan di dalamnya. Lembaga Keuangan syariah sebagian besar pembiayaannya diperuntukkan kepada sektor usaha, dan punya kemampuan untuk menjangkau usaha mikro, Sesuatu yang jarang dilakukan oleh pihak perbankan konvensional. Pembiayaan kepada UMKM ini tidak lepas juga dari pengaruh Grameen Bank sebelumnya, yang telah berdiri sejak medio 1970-an. Pembiayaan Lembaga Keuangan Syarah, baik dalam wujud Bank, Koperasi Simpan Pinjam maupun BMT mengalami peningkatan dari waktu ke waktu. Baik itu dari segi omzet LKS maupun tingkat pembiayaan nya. Berdasarkan data dari Jasa Otoritas Keuangan sebagian besar dari pembiayaan tersebut disalurkan kepada UMKM. Pembiayaan UMKM sangat penting dalam perekonomian nasional, karena bergerak di sektor riil. Karakteristik UMKM adalah sebagai usaha menengah ke bawah, pada umumnya dikelola dengan etika kejujuran masih dipegang kuat, serta relatif lebih kuat ketika dihadapkan pada krisis. Inilah yang jadi potensi UMKM yang harus diperhatikan dalam mengambil keputusan publik, baik itu oleh Pemerintah maupun Lembaga Keuangan (perbankan). 

scholarly journals Mesoeconomics of Migration and Trade

2019 ◽  
Vol 3 (1) ◽  
pp. 51-59
Author(s):  
Bijan Bidabad ◽  
Mahshid Sherafati
Keyword(s):  
Simple Model ◽  
Financial Burden ◽  
The State ◽  
Decision Makers ◽  
International Economy ◽  
Wage Elasticity ◽  
Meso Level ◽  
Similar Shape ◽  
Previous State ◽  
The Government

In this paper, we analyze Mesoeconomics of migration and trade in interregional and international economy. Decision-makers are interested in analyzing how changing the prices or wages will lead to these movements and what policies can be devised to revert the markets into their initial equilibrium. We assume in our simple model, that the wages or prices change in one region, and we will measure the equilibrium of the markets of the two regions. After some time, by migration of workers and trading commodities, a new equilibrium will be achieved. If one of the governments of the two regions intends to revert the equilibrium to the state before changes were applied, how should that government act and how great will its financial burden be? In this paper, we try to formulate the answer to this question in the context of two simple, homogenous, and similar-shape economies. This paper is centered on the behavior of individuals of the two regions, which we try to generalize it so that we could evaluate the problem at meso level analytically. Therefore, we simplify the problem to the extent that its micro and macro dimensions coincide. We check different cases of Changing wage elasticity of price or production elasticity of employment and examine the financial burden of a policy of no labor and commodity movement. In this way, if the government of region 1 decides to counteract and revert the conditions into the previous state, it can pay specific subsidies to workers, legislate due taxes on selling commodities, and thereby establish the conditions of the equation as prior to changes.

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