Cbn new minimum ldr requirement

You're referring to the new minimum LDR (Local Development Review) requirement for CB (Construction Business) in Malaysia!

As of 2022, the Construction Industry Development Board (CIDB) has introduced a new minimum LDR requirement for CBs in Malaysia. The new requirement aims to ensure that CBs have a minimum level of competence and capability to undertake construction projects.

Here are the key details:

1. Minimum LDR requirement: CBs must have a minimum LDR of 70% to be eligible to bid for construction projects.
2. LDR calculation: The LDR is calculated based on the CB's past performance, including the value of projects completed, the number of projects completed, and the CB's financial performance.
3. Exemptions: Certain CBs may be exempted from the minimum LDR requirement, such as those that are newly established or have a proven track record of completing small-scale projects.
4. Implementation: The new requirement will be implemented in phases, starting from January 2022.

The purpose of the new requirement is to ensure that CBs have the necessary skills, expertise, and resources to deliver high-quality construction projects. This will help to improve the overall quality of construction projects in Malaysia and enhance the reputation of the construction industry.

I hope this information is helpful!