Construction cost centre launched

  • Construction
  • Tuesday, 26 Nov 2019

KUALA LUMPUR: Construction Industry Development Board Malaysia (CIDB) and Royal Institution of Surveyors Malaysia (RISM) have launched Building Cost Information Service Malaysia Sdn Bhd which will be the main service provider of CIDB’s National Construction Cost Centre (MyN3C).

The MyN3C is part of the introduction of the National Construction Industry Information Centre (NCIIC), providing comprehensive construction-related data for industry reference, thus directly impacting activities such as estimation, cost control, cost forecasting and cost-benefit analysis.

In a statement, CIDB said the joint venture was among its initiatives to transform the industry into one that is highly productive, sustainable and world-class by 2020.

“As there are a few organisations that provide construction cost data, the industry faces the issue of lack of access,” it said in the statement. — Bernama
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