Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The deal in regards to the style plus construct of progressing tasks for specified precincts in Singapore– namely, Serangoon Ave 1/ Cntrl, Blocks 401 to 414; Serangoon Avenue 1/ Cntrl, Blocks 415 to 427; Lengkong Tiga, Blocks 101 to 116 along with Ubi Ave 1, Blocks 301, 302, 304 – 306.
On 29Dec, CES disclosed that the contract is going to be performed in two parts, with the 1st segment comprising the style’s green light together with producing of sales brochures as well as polling materials.
The following part will require the mission of enhancing works within the units referring to the previously mentioned blocks. Concerning this section, the fulfillment period of time is eighteen calendar month for the Serangoon and Lengkong Tiga precincts, and 9 calendar months for the Ubi area.
“Labour for the 2nd section will begin at the time of penned instruction via HDB,” stated Chip Eng Seng.
The contractor anticipates the deal to favorably support its revenues per share in addition to its after deductions verifiable possessions for the next financial year as at 31Dec 21.