Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 85 OPERATIONAL REVIEW Construction Business Development To foster a thriving construction market by promoting best practices, the Construction Business Development and Productivity Committee (the Committee) has organised the 2nd CIC Outstanding Contractor Award (OCA) to recognise contractors across various categories for their outstanding performance that can positively influence the industry. Concurrently, the Committee has organised seminars to assist industry practitioners stay updated on New Engineering Contract (NEC). Furthermore, the consultancy study to review and enhance the terms of construction contracts has been finalised, and follow-up on the recommendations has commenced. To drive sustainable development of the industry, collaborative meetings have been arranged to address industry finance issues. CIC Outstanding Contractor Award A triennial flagship event of the CIC, the 2nd OCA introduced a new category for Repair, Maintenance, Alternation and Addition (RMAA) Contractors to acknowledge their growing importance and exceptional performance in the industry. Additionally, to demonstrate a commitment to integrity in the construction industry, an integrity management award was introduced for the major contractor category. The presentation ceremony was held on 6 November 2024, during which a total of 23 awards were presented to 12 contractors. Group Photo of the Guest of Honour, Organising Committee Members and Panel Judges at the OCA Presentation Ceremony on 6 November 2024