AWC wins RM32.86 mil contract to maintain Rural Ministry's buildings

KUALA LUMPUR (Aug 15): AWC Bhd’s wholly-owned subsidiary Ambang Wira Sdn Bhd has won a RM32.86 million contract from the Public Works Department (PWD) to maintain the Rural and Regional Development Ministry’s buildings in Putrajaya.

In a filing with Bursa Malaysia today, AWC said the contract, which requires Ambang Wira to maintain all the blocks used and occupied by the ministry, would enhance the facilities division and the group’s orderbook.

It is expected to contribute positively to the group’s earnings during the contract period, it said.

The facility management fee includes the goods and services tax (GST) while the maintenance period is for five years from Aug 16 this year till Aug 15, 2022.

Ambang Wira, which is part of AWC’s facilities division, accepted and returned the acceptance letter dated yesterday to PWD.

In a separate statement, AWC managing director and chief executive officer Datuk Ahmad Kabeer expressed pride as the the contract was a testament to its ability as a group to ensure it continuously delivers as per the clients’ needs.

The contract extends its involvement in the commercial and healthcare segments, which is in addition to the maintenance works it does under the concession from the federal government.

This includes works in Johor, Melaka and Negeri Sembilan, and Sarawak for 10 years till Dec 31, 2025.

“When the concession was signed, a new contract was also signed to carry out repair and refurbishment works under the critical asset refurbishment programme carried out over the duration,” it said.

AWC closed up two sen or 1.8% at RM1.13 for a market capitalisation of RM292.76 million. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.