NOVA SECURES PROJECT FROM BUILDING & CONSTRUCTION AUTHORITY, SINGAPORE
11 Mar 2015, The Board of Directors of Nova is pleased to announce that novaCITYNETS has won the tender from Building and Construction Authority in Singapore (“BCA”) to upgrade, manage, operate, support and enhance the Integrated Submission Processing Systems from 10 March 2015 to 9 March 2018 (“Contract”). The Contract, subject to normal project risk, is expected to contribute positively to the result of the Group over the period.
None of the directors and/or substantial shareholders of Nova MSC Berhad or persons connected to the said directors and/or substantial shareholders have any interest, direct or indirect in the new contract awarded. Write a comment..
The traditional process of building plans submission and approval is laborious and often fraught with challenges due to the huge number of building by-laws, sometimes cryptic interpretations of the regulations and the need for trained experts to decipher the layers of information contained in the plans. Thus, it is no surprise when oversights are common and seeking final approval is usually a protracted journey. In light of public expectations and accelerated development, approving authorities can no longer depend on manual methods but instead rely on technology to improve on efficiency.
Recently, the Holy Makkah Municipality (HMM), Saudi Arabia through a local partner awarded novaCITYNETS International Pte Ltd to implement an Automated Regulatory Compliance System (ARCS) that will automate the checking of building plan regulatory compliance submitted to the municipality, a move that promises to revolutionize the construction industry.
The ARCS is a portal-based system that complements the permitting process in HMM for the purpose of a comprehensive automated plans review. The implementation of ARCS will deliver significant benefits to HMM, namely: ◾Facilitate code compliance self-review by consultants. The system generate a report listing the non-compliances which allows the consultants to make necessary amendments prior to submission to HMM, ◾Means to ensure unified, co-ordinated and integrated approach in dealing with the process of building plan reviews for directorate's staff, ◾A platform for enforcing consistent in interpretation of building codes as well as transparency in the approval process and ◾Make possible a consolidated and holistic view of each submission; assisting in better decision-making and approval process.
ARCS implementation is based on Nova's own proprietary software, FORNAX e-Plancheck, an automated building plan checking expert system.
FORNAXTM ePlanCheck (Automated Building Plan Checking Expert System) is built on a web-based architecture based on industry open standards with interoperability in mind and support data exchange conforming to industry best practices. The ARCS allows HMM staff to perform a thorough check and review on building design for regulatory compliance, with the aim to achieve quantum improvements in turnaround time, quality, and productivity.
The traditional checking and approval using the manual process is generally very time-consuming and inefficient. FORNAXTM ePlanCheck speed up the checking process by providing a system that could automatically check the "Electronic Building Models" for compliance to regulatory requirements with the help of Artificial Intelligent (AI) and Building Information Modelling (BIM) technologies. It will also help to reduce ambiguities and subjectivity in building code interpretation that could differ for different individuals. Write a comment..
Once ding dong, and volume is less, is a chance to collect more, if world market stable this few day,i m confident nova will break 0.15 soon, i feel novamsc will secound ifcamsc soon
Last few months, company busy with planing and tuning during bad economy time, now all done including expanding to Lao (yesterday announcement to BSKL). So, now on, you can start see the movement and progress of the stock. God willing.
BOD please take proactive action by promoting or make press statement on what you have doing in star, edge or bloomberg! We are patiently with you..Let outside people knows that NOVA is alive, not just sitting down and have BIG ambitions moving forward as what you have declared to BSKL.
bro, wa nak tanya sikit, lu beli saham mengharap harga jatuh ka? Lu ingat kita ni semua beli saham just "pluck out of the air" ka tanpa kaji chart. Lu silap la, wa nak cakap sikit, kalau lu belum jadi jutawan, lu jangan ingat lain orang pun belum jadi jutawan macam lu. Kalau setakat nak komen rubbish, don't waste your time here.
Better start collecting now, dudes ... You don't wanna be missin da boat & cursin yourself for inaction later ... Nova is your next shooting star in da making ...
Memang la cam tu, adat org main saham. Klu dua minggu dpt satu kali pun, sudah kira okay. Klu satu minggu dpt satu kali, itu lg okay.
Org main bola jd striker pun, cam tu juga. Bukannya, tiap-tiap 5 minit tu dpt score. Klu dlm satu jam setengah dpt score satu kali pun, sudah kira okay.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jellybean
25 posts
Posted by Jellybean > 2015-10-27 09:15 | Report Abuse
Dream.....i heard parkson got good news...can buy in?