Business Model Elements for Industrialised Building System

Abstract

The objective of this paper is to identify the elements of a viable business model that is suitable to be used by SME contractors in adopting Industrialised Building System (IBS). In order to achieve the objective this paper identifies and reviews the elements of business model that are important in business. A thorough review of the relevant literature on business model within the scope of IBS and supported by other industries had been conducted. From the findings, nineteen business model elements have been identified. There are 1.

Relationship between Construction Waste Triggers and Bim-Ibs Activities in The Construction

“…Contractors must possess IBS knowledge and skills in order to perform this work. A contractor's IBS products must be marketed and the industry must be competitive for the contractors to make the needs more imperative (Mohamed et al, 2021). During the period of July to September 2002, many talented foreign workers were automatically displaced when there was a sudden crackdown on illegal foreign workers.…”

“…There were two large groups of foreign workers called the 'new batches', who were retrained since they did not possess the needed skills. The Industrialized Building System (IBS) is a type of building system that is mass-produced and of high quality (Mohamed et al, 2021). IBS has therefore become an indispensable component in meeting the ever-increasing demand for houses by offering advantages such as speed, quality, and cost.…”