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All Journal Syntax Literate: Jurnal Ilmiah Indonesia Journal of Sustainable Construction
Akmal, Bariq
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Humanities Civil Engineering, Building, Construction & Architecture Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Transportation Other

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Strategies for Utilizing Surat Berharga Syariah Negara in Financing Educational Infrastructure Construction Projects in Indonesia Sabrisavira, Lista; Akmal, Bariq; Mahani, Iris
Journal of Sustainable Construction Vol 5 No 1 (2025): Journal of Sustainable Construction
Publisher : Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/josc.v5i1.9701

Abstract

Indonesia's economic growth drives infrastructure development as outlined in National Medium-Term Development Plan 2020–2024. However, a funding gap of USD 164.5 million exists between infrastructure investment needs (USD 391.7 million) and State Budget allocations (USD 144.9 million). To narrow this gap, the government utilizes Surat Berharga Syariah Negara (SBSN) as an alternative financing source for construction projects. This research aims to identify factors influencing SBSN utilization, review its implementation and evaluation, and develop strategies for SBSN utilization. The research was conducted by using mixed-method approach with quantitative analysis using Internal Factor Evaluation (IFE), External Factor Evaluation (EFE), and SWOT matrices along with qualitative analysis through the interview with stakeholders involved in one of educational infrastructure construction project at a major university in Indonesia. SBSN primary strength is the guarantee of fund availability throughout the contract period, which ensures sustained financing during project execution. Conversely, its notable limitation is the funding restriction confined exclusively to asset acquisition expenditures, thereby limiting its applicability for other financial needs. However, the implementation of SBSN faces challenges, such as regulatory ambiguities, ineffective coordination in project monitoring and control, and insufficient understanding among involved human resources. Proposed strategies include enhancing monitoring and evaluation systems, clarifying regulations, and providing training and capacity building for relevant stakeholders to utilize SBSN in construction projects.
Kajian Potensi Implementasi Building Information Modeling (BIM) Terintegrasi pada Proses Penanganan Contract Change Order (CCO) dalam Proyek Konstruksi Gedung Nurhaliza, Meisya Paramita; Sis, Fauzi Septama; Sabrisavira, Fatika Lista; Akmal, Bariq; Ma’wa, Rahila Sabila
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v10i6.59701

Abstract

A Contract Change Order (CCO) is a formal mechanism that accommodates changes in construction implementation, which commonly occur in projects. Although it provides flexibility and adaptability, the CCO process often requires complex coordination and takes considerable time. Therefore, effective management is essential to minimize negative impacts on stakeholders. Implementing integrated Building Information Modeling (BIM) based on a Common Data Environment (CDE) is a digital innovation that may potentially improve the effectiveness of the CCO process. In Indonesia, the use of BIM is increasingly encouraged through the Regulation of the Minister of Public Works and Housing (PUPR) of the Republic of Indonesia Number 22 of 2018, particularly for non-simple state buildings. This study examines the implementation of integrated BIM-based CCO handling in one of the pilot building projects. The methods include a literature review, contract document analysis, interviews, and project data collection. The study found that the reviewed project had implemented CCO handling using three approaches: conventional methods, integrated BIM, and a combination of both. To assess the implementation, a comparison was made between the planned integrated BIM-based CCO process and actual conditions in the field. The analysis revealed that although the integrated BIM approach had been adopted, its implementation still faces several challenges. The main issues identified include the limited number of CDE user accounts, low human resource capacity, delays in 3D BIM modeling, and unclear legal frameworks governing the use of BIM in contract change processes.
Co-Authors Mahani, Iris Ma’wa, Rahila Sabila Nurhaliza, Meisya Paramita Sabrisavira, Fatika Lista Sabrisavira, Lista Sis, Fauzi Septama