Setting The Standard For Construction Contracts

On 15 August 2017, the Kuala Lumpur Regional Centre for Arbitration (KLRCA) became the first arbitral centre in the world to release its very own suite of standard form contracts (SFC)—comprising building construction main contracts, with and without quantities; a standard sub-contract consistent with the main contracts; and a standard minor works contract.

These four contracts represent a huge milestone as they will offer the Malaysian construction industry an additional option when contracting for building construction projects. The recent road shows in Johor, Penang, Sabah and Sarawak have cumulatively seen more than 1,500 participants, which is indicative of the need in the industry for this set of contracts.

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