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KUALA LUMPUR (June 25): Construction services provider and property developer, Gabungan AQRS Bhd, which has an order book of RM1 billion, is tendering some RM700 million worth of construction projects.
Gabungan AQRS executive director Datuk Azizan Jaafar said the tenders are a mixture of government and private projects.
"The average success rate for the company is about 25% to 30%," he told reporters after the company's annual general meeting today.
Azizan Jaafar also said the company is "optimistic" in securing at least one work package from the MRT Line 2.
He said Gabungan AQRS has experience participating in MRT Line 1 projects so they are hopeful to secure contracts.
He said that the pre-qualification process will be completed in end of July and tendering will start in October.
The construction business contributes about 65% to the group revenue in 2014 and the remaining is from property development business.
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