Decision of Cost Estimation for Competitive Pricing of Modular Construction from China Manufacturer Perspective for Malaysian Industrialised Building System (IBS).

• Published in: IOP Conference Series: Earth and Environmental Science
• Main Author: Aziz N.D.; Zamani Wan Hamdan W.S.; Omardin A.; Hasan R.
• Format: Conference paper
• Language: English
• Published: Institute of Physics 2024
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85214822387&doi=10.1088%2f1755-1315%2f1432%2f1%2f012011&partnerID=40&md5=3fa4593f530924735cdf439c30848422

The increase in the total number of construction projects has also resulted in great increases in the demand for IBS components. Due to the limited number of suppliers, the price of IBS components become exponentially high in recent years. It is critical to review that the IBS manufacturing players faced unforeseen obstacles to achieving economies of scale due to higher capital costs and this problem simultaneously caused high operational costs in manufacturing. Therefore, this vital problem has motivated us to explore cost control towards the identified parameters prior the manufacturers' decision in estimating the cost of IBS output. Indirectly, the manufacturers can forecast pricing for the profit margin purposely. Even cost estimation is crucial at the production level as it is concerned with predicting the costs related to a set of activities before making a cost-effective decision, the aspect of considerations need to be addressed to ensure quality, efficiency, and cost-effectiveness. Therefore, the qualitative data for dependent variables consisted of four (4) elements was analyses via atlast.Ti based of case study from world leading manufacturing country, China. It is hoped that the key finding of the study will determine the cost control parameters needed for competitive pricing of IBS components in the Malaysian construction-based manufacturing industry. © 2024 Institute of Physics Publishing. All rights reserved.