News about construction

Last month, the company secured four contracts worth RM5.

"IDTSB is currently negotiating a settlement plan with EPF to resolve the amount claimed under the writ," it said.

In addition to the RM110 million disposal consideration, Exsim Persiaran Jalil is to also assume RM10.

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.