Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 134 OPERATIONAL REVIEW Construction Industry Alert on Managing Wage Records In light of the increasing trend of wage arrears incidents in construction projects in 2024, most of which involve wages calculation disputes, the CIC promptly convened a thematic forum with representatives from major industry associations, unions and other stakeholders to actively exchange ideas and facilitate consensus. Through collaborative efforts, solutions were sought to address issues related to wage payment arrangements. The CIC also formulated the Construction Industry Alert on Managing Wage Records, reiterating the importance of adhering to good practices in managing wage payment records and ensuring the proper storage of relevant information to prevent wage disputes, based on the principle of integrity. Development of Youth Leaders and Carrying Forward The RSTCS has consistently provided opportunities for the professional development and interactive exchange to cultivate the next generation of leaders, ensuring the transfer of management and technical expertise in specialist trades. Throughout the year, three Executive Training Courses were organised for members of the RSTCS’s Young Leaders Network. Three distinguished speakers were invited to share insights on topics including how Environment, Social and Governance (ESG) concepts enhance corporate sustainability and competitive advantages, the original intent of the RSTCS and practical contract law management including an introduction and preparation for the Construction Industry Security of Payment Ordinance, facilitated exchanges and knowledge sharing among the young leaders. Three Executive Training Courses were held for members of the RSTCS’s Youth Leaders Network The 2024 RSTCS Leadership Summit, themed Set Sail with New Technologies, featured leaders from registered specialist trade contractors and trade associations sharing their practical experiences with the use of various automated equipment and robots