'Potential contracts worth RM39.6b missed over 3 years'
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Three years ago, a staggering RM39.59 billion worth of potential contracts were left unfulfilled in the facility management sector, according to Deputy Works Minister Datuk Seri Dr Ahmad Maslan. The Construction Industry Development Board (CIDB) documented 1,541 facility management and maintenance projects between 2023 and 2025, but only 468 contractors held licenses for the F01 and F02 specialisations.
Ahmad highlighted this as an opportunity for contractors to explore not only construction but also maintenance services. The Facility Management Good Practice Guide, released by CIDB, aims to set standards for systematic and sustainable facility management practices, aligning with the National Construction Policy 2030. Ahmad emphasized that facility management often receives less attention compared to construction, as maintenance is typically viewed as a secondary activity.
However, he stressed that roads, bridges, and buildings all require proper maintenance to ensure their longevity and maximize the value of infrastructure investments. By increasing the number of qualified contractors in facility management, the government and asset owners would have more options when selecting service providers.
Ahmad urged contractors to view facility management as a means to diversify their businesses, generate new revenue streams, and stay competitive in the evolving construction industry.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
