Singapore-based construction firm KSH Holdings has won a contract from the National University of Singapore [pictured] to construct a research facility.
Under the contract, valued at SGD145.7M ($104.2M), KSH will be responsible for the construction of a 16-storey building and a basement.
Choo Chee Onn, KSH executive chairman and managing director, said: “This new contract win demonstrates our ability to navigate challenges in our operating environment to stay resilient, leveraging on our competitive strengths — a comprehensive suite of capabilities, established track record and a strong balance sheet.
“It is also an indication that there are suitable opportunities present for us to capitalise on while protecting our healthy margins, hence we remain optimistic on the outlook of the construction industry.”
Construction on the project is anticipated to begin in April 2017 and be completed within 24 months.
KSH said that the new contract will lift its order book to more than SGD360M ($257.6M).
* Data provided by Timetric's Construction Intelligence Center.
* Image credit: EQRoy/Shutterstock.
