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Our Strategy and Future Plans
(a) To improve our M&E integrated services
We intend to build on our integrated services, particularly in the design and installation of
plumbing & sanitary, electrical engineering, air-conditioning and mechanical ventilation systems
and fire protection and alarm systems. We intend to continue to train and upgrade the skills of
our employees through on-the-job training and external training programmes and increase our
efforts in securing more M&E integrated services projects.
(b) Diversify our income base
While we will continue to remain focused on our M&E services to the residential sector, we
intend to diversify our income base to include other sectors. Currently, approximately 98% of
our turnover is derived from the residential property sector. Apart from the residential sector,
we plan to expand our operations into commercial, industrial and institutional building sectors.
For example, in March and June 2000, we secured two contracts for the provision of M&E
services for two educational institutions. We also intend to provide M&E services to the lightflatted
industries. As at the date of this Prospectus, we have been awarded one such project
for the supply and installation of plumbing & sanitary and electrical systems to an industrial
building at Jalan Kilang Barat with a contract value of approximately $1.3 million.
(c) Expand our scope of M&E services
In June 2000, we were awarded and had commenced work on a $2.8 million contract for the
installation of plumbing & sanitary, electrical, air-conditioning and mechanical ventilation (“ACMV”)
and fire protection systems, including computer cabling and wiring, for a primary school located
along Thomson Road. We intend to expand our range of services to include network and
structured cabling. We anticipate that home automation, safety, security and Internet readiness
would likely become an increasingly common feature for new premises. Structured cabling forms
the backbone to these intelligent features. Currently, we are able to provide installation of fibre
optic cable networks and unshielded twisted pair (“UTP”), which constitute the structured cabling
system.
(d) Increase our activity in design-and-build projects
We believe that there will be an increasing trend towards “design-and-build” construction projects
compared to the conventional “design-bid-build” construction projects. In a conventional “designbid-build”
project, we provide only the M&E systems installation services. In contrast, for “designand-build”
projects, we provide higher value added services such as detailed design and
recommend cost saving modifications in addition to the M&E systems installation services.
Design-and-build construction projects require co-operation and collaboration among consultants,
contractors and developers that would result in a more efficient construction activity where
labour and cost saving modifications have been integrated into the design of the project.
Between April 1993 and November 2000, we provided M&E services to three HDB design-andbuild
projects which have been completed and have four on-going HDB design-and-build projects.
In the private residential sector, we provided M&E services to two design-and-build projects
which have been completed and have three on-going design-and-build private sector projects.
We intend to build on our design-and-build experience to increase our business in this area.
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