Overview:

In the evolving landscape of construction, Building Information Modelling (BIM) has emerged as a revolutionary tool, enhancing efficiency, accuracy, and collaboration.

However, the integration of BIM into construction contracts has introduced a complex layer of financial considerations that main contractors must navigate. This seminar aims to address the critical issue of mispricing BIM requirements in construction contracts, which can lead to significant financial repercussions and project delays.

Objectives:

1. Understanding BIM: To provide a comprehensive overview of BIM and its integral role in
    modern construction projects.
2. Identifying Mispricing Issues: To explore common mispricing issues encountered by main
    contractors when incorporating BIM requirements into construction contracts.
3. Analyzing Causes: To analyze the root causes of mispricing, including lack of expertise,
    inadequate cost estimation, and miscommunication between stakeholders.
4. Mitigating Risks: To discuss strategies and best practices for accurately pricing BIM
    requirements and mitigating financial risks.


BIODATA OF SPEAKER

Dr. Shah Rizal Abd Razak

With over two decades of rich experience, Dr. Shah Rizal Abd Razak has excelled in leading, managing, and coordinating a diverse range of businesses and projects. His effective leadership and management skills are complemented by his ability to connect effortlessly with individuals at all levels, from multinational corporations and local businesses to government agencies and various authorities. Dr. Shah Rizal Abd Razak firmly believes in the power of innovative ideas supported by thorough research. He earned his PhD in Architecture in 2020, while simultaneously consulting, nurturing new business ventures, and handling diverse responsibilities. Additionally, he holds a Bachelor of Architecture degree and an MBA with a specialization in Finance.