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(b) We intend to diversify our income base<br />
While we will continue to remain focused on our M&E services to the residential sector, we<br />
intend to diversify our income base to include other sectors. Currently, approximately 98% of<br />
our turnover is derived from the residential property sector. We intend to expand our operations<br />
into commercial, industrial and institutional building sectors. For example, in March and June<br />
2000, we secured two contracts for the provision of M&E services for two educational institutions.<br />
We also intend to provide M&E services to the light-flatted industries. As at the date of this<br />
Prospectus, we have been awarded one such project for the supply and installation of plumbing<br />
& sanitary and electrical systems to an industrial building at Jalan Kilang Barat with a contract<br />
value of approximately $1.3 million.<br />
(c) We intend to expand our scope of M&E services<br />
We anticipate that home automation, safety, security and Internet readiness would likely become<br />
an increasingly common feature for new premises. Structured cabling forms the backbone to<br />
these intelligent features. A high degree of competency is required for the installation of the<br />
fibre optic cable networks and UTP, which constitutes the structured cabling system.<br />
We currently are able to provide M&E services for the installation of the essential structured<br />
cabling system that supports intelligent-building architectures. We plan to further increase our<br />
current scope of activities in this aspect to include additional new areas such as safety and<br />
security systems. Structure cabling systems is similar to the conventional telecommunications<br />
system and we have secured a $2.8 million contract in June 2000 to provide plumbing &<br />
sanitary, electrical, air-conditioning and mechanical ventilation and fire protection systems<br />
installation, including computer cabling and wiring, for a primary school along Thomson Road.<br />
We commenced work on this project in June 2000 and expect to complete the project in August<br />
2001. In June 2000, we commenced training our staff through external training programmes<br />
such as those conducted by Infocomm Development Authority of Singapore and Singapore<br />
Telecommunication Ltd to enhance their competency and knowledge in the design and installation<br />
of such systems. We believe that entry into this market will increase our range of M&E services.<br />
(d) We intend to increase our activity in design-and-build projects<br />
We believe that there will be an increasing trend towards “design-and-build” construction projects<br />
as opposed to the conventional “design-bid-build” construction projects. In a conventional “designbid-build”<br />
project, we provide only the M&E systems installation services. In contrast, for “designand-build”<br />
projects, we provide higher value added services such as detailed design and<br />
recommend cost saving modifications in addition to the M&E systems installation services.<br />
Design-and-build construction projects require co-operation and collaboration among consultants,<br />
contractors and developers that would result in a more efficient construction activity where<br />
labour and cost saving modifications have been integrated into the design of the project.<br />
Between April 1993 and September 2000, we have completed the M&E installations works for<br />
three HDB design-and-build projects and have four on-going HDB design-and-build projects. In<br />
the private residential sector, we have completed the M&E installation works for two designand-build<br />
projects and have three on-going private sector design-and-build projects. We intend<br />
to build on our design-and-build experience to increase our business in this area.<br />
Quality Control and Assurance<br />
We place strong emphasis on the quality work and services performed for our projects. We have in<br />
place a quality management system for our M&E services and mobile toilet services and were<br />
awarded the ISO 9002 certification by the European Quality Assurance Limited in January 1999. ISO<br />
9002 requires that we have a quality control system for all activities affecting the quality of works<br />
and services performed. Examples of such activities are training, purchasing of materials, inspection<br />
and quality control, documentation and data control.<br />
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