What about Construction for the Kuala Lumpur-Singapore high-speed rail (HSR) ? Gkent and MRCB should get some contract in HSR ?
Singapore and Malaysia formally agreed to postpone construction until end-May 2020 on Wednesday (Sep 5). The new agreement was signed by Malaysia's Economic Affairs Minister Azmin Ali and Singapore's Transport Minister Khaw Boon Wan at the Prime Minister's Office in Putrajaya, Kuala Lumpur, on Wednesday afternoon.
The potential revival of the East Coast Rail Link (ECRL) will not only benefit local construction players, but there will also be positive spillover effects on building material companies in Malaysia. According to UOB Kay Hian, for one, local contractors would gain if the ECRL project is resumed as the government had reiterated its preference to have greater participation from local construction companies under a new deal as compared to the previous structure, which was dominated by Chinese contractors.
99% main-con cannot made money on contract itself however all their profit comes from variation-orders. "move toilet bowel also cost thousand of ringgit"---what about main pillar (move 3-4 times)?
LGE had trimmed most of the Fat from LRT3, once 20-30% profit margin is now down to 5-7%. Any delay will push margin down to 0-3% ( FD is 4.40% for 12months ) This is what i heard from Sub-Con for LRT2 station ( many sub-con still didn't get pay )
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Kawkaw
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Posted by Kawkaw > 2019-02-20 16:53 | Report Abuse
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