Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The contract in regards to the layout and build of upgrading jobs for a number of districts in S’pore– namely, Serangoon Avenue 1/ Cntrl, Blocks 401 – 414; Serangoon Avenue 1/ Cntrl, Blocks 415 to 427; Lengkong Tiga, Blks 101 to 116 together with Ubi Avenue 1, Blocks 301, 302, 304 to 306.
On 29Dec, Chip Eng Seng informed that the contract will be completed in 2 portions, by having the initial portion comprising the concept’s green light together with producing of catalogs and also ballot documents.
The second segment is going to engage the process of improvement efforts inside of the units pertaining to the previously mentioned blocks. With respect to this portion, the completion time frame is eighteen mths for the Serangoon as well as Lengkong Tiga precincts, and 9 calendar months for the Ubi district.
“Service for the 2nd component are going to kick off upon written order coming from Housing and Development Board,” revealed CES.
The contractor forecasts the deal to favorably support its gains per share as well as its after deductions material properties for the following FY closing 31Dec 21.