Economic challenges: Conceptual framework on factors affecting construction cost during COVID-19 pandemic in malaysia

Abstract

Various studies have found that COVID-19 pandemic impacts on a country's economy through several channels, including the construction sector. The construction sector, which has always been a big growth generator for the economy, has also been completely shut down. Construction stakeholders are facing a several of the issues as the construction costs keep increasing as a result of the workplace safety and health compliance, suspension and termination of the project, and productivity loss. Accordingly, this paper attempted to propose a conceptual framework on the factors affecting construction cost during COVID-19 pandemic in Malaysia. Almost all evidence from the literature shows that project completion, supply chain and regulatory compliance are the main factors that need to take heed of by the construction players during COVID-19 pandemic. Significantly, all these three components have the potential as the contributors to the increment of construction costs during COVID-19 pandemic.