Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The contract in regards to the model plus construct of upgrading tasks for specified area in S’pore– particularly, Serangoon Ave 1/ Central, Blks 401 – 414; Serangoon Avenue 1/ Cntrl, Blocks 415 to 427; Lengkong Tiga, Blks 101 to 116 together with Ubi Avenue 1, Blks 301, 302, 304 to 306.
During Tue 29Dec, Chip Eng Seng revealed that the contract is going to be performed in 2 sections, by having the 1st portion entailing the style’s authorization and printing of catalogs as well as polling papers.
The second section is going to involve the undertaking of upgrading labours inside of the units pertaining to the abovementioned blocks. Regarding this portion, the finalization period is 18 mths for the Serangoon as well as Lengkong Tiga precincts, as well as nine mths for the Ubi area.
“Job for the second part are going to get started upon documented ruling via Housing and Development Board,” shared CES.
The firm looks ahead to the written agreement to efficiently add to its profits per allotment in addition to its net verifiable resources for the following fiscal year closing 31 December 2021.