Megawide Construction Corp. on Wednesday said it secured two new contracts with Andrew Tan’s Megaworld Corp. to build residential towers in the property developer’s townships in Taguig and in Pasay.
The multi-billion-peso contracts cover civil, structural and architectural works as well as MEPF or mechanical, electric, plumbing and fire.
‘We are very excited to again work with Megaworld, who has been our long-standing client. Our partnership with them is built on the shared pursuit of sustainability, excellence, and speed-to-market, which have defined both our organizations’ brand and track record.
We intend to cultivate this further by providing them products and services that meet their very strict quality and workmanship standards,’ Edgar Saavedra, Megawide president and CEO, said.
The two projects are Uptown Modern and One Portwood, both residential facilities in Megaworld’s Uptown BGC development.
Uptown Modern is the newest addition to the high-rise residential towers, which is designed with ‘form and function in mind and sets a new standard for modern living’.
One Portwood, meanwhile, is a residential condominium located in Newport City, right across Ninoy Aquino International Airport (NAIA) Terminal in Pasay.
Megawide said it will again leverage on its expertise in engineering and construction methodology, anchored on its pre-cast technology and integrated construction solutions, which were earlier showcased in Megaworld developments, such as The Worldwide Plaza, Albany Luxury Suites, Newport Link, International Finance Tower, and Gentry Manor, among others.
‘Our strategic partnership with Megawide has been built on a foundation of trust, and we applaud the consistent excellence they bring to every project,’ Megaworld head of operations Jennifer L. Romualdez said.
The contracts with Megaworld form part of the P20-billion new deals Megawide has been negotiating to bring its order book to P50 billion by yearend. The company is also targeting to forge deals with other clients, such as Trans Aire Development Holdings Corporation (a subsidiary of San Miguel Corp.), DoubleDragon, 8990 Holdings, Landers, and Citicore Power Inc.
Megawide is also targeting ‘a healthy mix’ of residential, commercial/industrial, and infrastructure projects to maintain a balanced, sustainable, and diverse order book that will provide long-term revenue visibility and stability.