Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The agreement connects with the style and produce of upgrading jobs for a number of area in SG– particularly, Serangoon Avenue 1/ Cntrl, Blocks 401 to 414; Serangoon Ave 1/ Central, Blocks 415 – 427; Lengkong Tiga, Blocks 101 – 116 plus Ubi Avenue 1, Blks 301, 302, 304 to 306.
On Tue 29Dec, CES announced that the written agreement is going to be undertaken in 2 portions, with the 1st part focusing on the style’s validation together with generating of flyers and even polling documents.
The following segment is going to call for the process of enhancing labours in the units related to the abovementioned blocks. For this portion, the finalization time period is 1 and half years for the Serangoon as well as Lengkong Tiga precincts, as well as nine months for the Ubi district.
“Labor for the 2nd portion are going to get started at the time of penned instruction from Housing and Development Board,” said CES.
The contractor looks forward to the agreement to positively increase its profits per share as well as its net physical resources for the next FY ending last day of 2021.