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Govt pressing ahead with NEC forms

Danny Chung The government is continuing with its pilot programme of procuring public works contracts using the New Engineering Contract (NEC) form with the eventual goal of establishing a procurement policy using the form. In a


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West Kowloon Cultural District costs may double

Danny Chung The government may have to go back cap in hand to legislators for more funding as development costs more than double for the much-delayed showcase project the West Kowloon Cultural District (WKCD). Local Chinese


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Govt awards public works worth HK$5 billion in February 2013

Danny Chung The government and related organisations awarded public sector contracts worth a total of HK$5 billion for construction and building services work during February. According to the latest government gazette notice published last week, the


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Construction spending could top $870 billion over next five years, says CIC

Total construction spending for the next five years in both the private and public sectors could reach as high as HK$870 billion, according new estimates from the Construction Industry Council. The spending encompasses civil works, building


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K Wah International posts record profit

Mid-sized developer K Wah International Holdings (0173), controlled by tycoon Lui Che-woo, saw its net profit and revenue climb to record highs in 2012, on the back of strong demand for residential property. For the year


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Cheung Kong net profit falls 30%

Leading Hong Kong developer Cheung Kong (Holdings) (0001) saw its net profit for 2012 fall by nearly 30% due to no repeat of a one-off gain that was recorded for the year before. For the year


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Net profit at Wharf increases by half

Property to ports conglomerate The Wharf (Holdings) (0004) saw its net profit leap by over a half to a record HK$47 billion thanks to increased revenues and higher fair values for its investment properties. For the


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CIC splashes out $214 million to train more workers

The Construction Industry Council is rolling out new training schemes at a cost of HK$214 million which the council hopes will lead to 8,700 new workers a year being trained for the construction industry. Council chairman


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Interview: Casino contractor

The Macau construction industry can expect good times to roll for up to 10 years on the back of renewed casino development and government infrastructure spending although labour shortages will remain a difficult problem, according to


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Dredging plan for Kwai Tsing container terminals

The government is proposing to dredge the seabed of Kwai Tsing Container Basin and parts of the approach channel to allow docking of the new generation of container ships in a project costing about HK$490 million.


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