LIAP #21: CONSTRUCTION PROFIT
How do you achieve your desired project construction profit? That is a million dollar question. Let me tell you my story from my 40 years of experience as a JKR, Consulting Engineer, Project Manager and G7 Contractor. Being there and done that. As JKR engineer, my job is not to make profit. My roles are a regulator and supervisor to ensure that consultant and the contractors are doing their job as agreed in the contract. At the same time, I represent the clients from other ministries and government departments and agencies. When I joined a property development company in 1984, I became a project engineer. The company sells houses and commercial properties. My job was to ensure the consultants and the contractor are doing their jobs as agreed. In 1989, I became a contractor as business owner and CEO. This was where the real learning construction begins. It is not just to manage project but also to secure new tenders andmake money. Both were not easy. After getting...