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Since the articulation of the ASEAN Vision 2020 in 1997, ASEAN has been focusing on a systematic process of development through co-operation planning, programme implementation and adopting region-wide standards. In the construction industry, the decline of trade restrictions has facilitated the free movement of construction- related goods, services, knowledge, investments and staff between member countries. Further, large construction and architect/engineering firms and developers have begun to compete in the regional market for construction projects outside of their national boundaries. Is it then the right time for the development and adoption of a standard form of building and construction contract? More importantly, what would a standard ASEAN form of construction contract look like? The idea of a region-wide standard form of building and construction contract will be discussed during this session.