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Trust and collaboration – putting construction firms on the path to recovery

Matthew Dewees
Matthew Dewees10/16/2020 07:46 PM GMT+08  • 5 min read
Trust and collaboration – putting construction firms on the path to recovery
The road to recovery will be a long one. However, firms can set themselves up for success by focusing on trust and collaboration.
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Singapore’s construction industry has undergone a rapid transformation in the past few years. In 2017, the Building Construction Authority (BCA) launched Integrated Digital Delivery (IDD), which aims to encourage construction firms to adopt digital technologies to improve work processes and stakeholder collaboration. Today, Singapore’s construction sector is one of the most digitally mature among other markets in Asia Pacific and Japan (APJ), according to IDC’s InfoBrief, Digital Transformation: The Future of Connected Construction.

See also: Building and Construction Authority slashes forecast for Singapore's 2020 construction demand by $10 billion

However, COVID-19 has dealt a huge blow to Singapore’s construction sector, which is expected to contract sharply by 23% this year. Firms have been grappling with a drastic manpower crunch and meeting stringent requirements for clearance to resume work. This comes on top of other challenges such as financial well-being, health and safety, and uncertain market conditions.

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