Construction services GDB tendering for RM2.9b projects

?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

KUALA LUMPUR: GDB Holdings Bhd has tendered for RM2.9bil worth of residential and commercial building projects in the Klang Valley, its managing director  Cheah Ham Cheia said.

The construction services company's tender book for the 12 projects were residential, mixed development, hotel, factory and a sales gallery, he said in a statement after its AGM.

Cheah said GDB was upbeat on its prospects in the current financial year ending Dec 31, 2019 due to its strong track record of completing the projects ahead of schedule and also the high quality ratings.

He was upbeat of GDB's prospects in the financial year ending 31 December 2019 (FY2019) on the back of its strong track record for works completion ahead of schedule and high quality ratings.

In FY2018, GDB delivered Etiqa Office Tower on July 13 and Westside III on Oct 20 – which were ahead of schedule. Both projects achieved a five star rating with score above 90% from Construction Industry Development Board of Malaysia (CIDB) in Safety and Health Assessment System in Construction.

“FY2019 has seen gradual improvement in tender activity for the construction of various buildings, reflecting project owners’ recovering sentiment in the sector.

“On top of that, we also believe that our consistent track record in delivering projects ahead of schedule as exemplified with our recent completions places us in a favourable position to secure new contracts,” he said.

GDB’s order book consists of Aira Residence in Damansara Heights, Menara Hap Seng 3 within the Kuala Lumpur city centre, and the recently-secured Perla Ara Sentral, Ara Damansara.

Cheah said the group was pursuing new contracts to increase its order book of RM619.1mil as at end-March 2019. The order book is expected to last until December 2021.
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