News about construction

This is not the first time Fajarbaru has won a contract from WCT.

He said the three tenders were worth about RM473 million in the provision of services for construction works for roads, pavements, bridges and flood mitigation systems.

“While crucial construction materials like aggregates, sand and concrete continue to experience upward price pressures, the frequency of incremental increases has reduced.

Kelington disputed the claim in June 2021 and decided to counterclaim against JCT for an outstanding sum of RM6.

The proposed diversification is expected to boost the group’s net profit by about 25%, aligning with its long-term strategy to pursue more engineering, procurement, construction and commissioning (EPCC) projects beyond telecommunications network projects, the group said in an exchange filing.

Under the revised contract, SIBS is required to deliver 632 residential units in Sering district within a 36-month period, followed by a 24-month defect liability period upon issuance of a certificate of completion and compliance for each section.

The first phase will encompass the construction of commercial shop lots, an office tower, a podium car park, and Tower A facilities deck.

Gamuda edged up as much as 1.

In a sector update on Thursday, the research house said contracts again were dominated by the private sector, which saw robust flows, notably from commercial and residential projects, while the data centre (DC) space contributed too.