FPL COMPANY SIGNS CONTRACTS FOR CONSECUTIVE PROJECTS IN THE LAST DAYS OF 2023

In November and December 2023, FPL received consecutive good news from successfully signing contracts for 04 projects and winning bids for a number of other projects that are in the process of negotiating contracts in many locations spread from North to South.

In the period 2023 - 2024, the field of Construction of bored piles and diaphragm walls is is focused on promoting bidding and searching for projects. On November 11, 2023, FPL received news of winning the bid for the item "Construction of Diaphragm Walls of High-Rise Building HH3" at the Project "Apartment Area East of Tran Hung Dao Street" from Olympia Company Limited with a total value of 22. 5 billion VND, in Son Tra district, Da Nang city. The  contract was completed and signed on December 22, 2023. The project has a total investment capital of up to 1,178 billion VND. With experience in constructing bored piles and diaphragm walls in many projects with many types of terrain, and a team of experienced personnel, the Project Management Board is confident that the construction process will be carried out within 65 days according to plan with the highest accuracy and safety, meeting all technical requirements and quality goals.

In addition, Vin Group signed another contract with FPL, worth approximately 5 billion VND at the "Vin Vu Yen" Project (Hai Phong) after FPL deployed the first phase of the 76-billion-dong contract in this project. Accordingly, FPL undertakes the item "Supply and construction of PHC D300, D350 piles". Vin Vu Yen project is not only an opportunity for FPL to affirm its core competencies in traditional pile construction, but also for FPL to continue to be trusted and selected by Investor Vin Group for the next bidding packages, after successfully completed the bidding packages: Vin Gia Lam, Vin Hung Yen, Vin Phu Quoc, Vin District 9,... The expected construction time is from November 8, 2023 to November 22, 2023.

On December 8, 2023, FECON Piling and Construction JSC continued to sign the Contract for the Package "Supply and construction of experimental pile pressing, mass piles of Beta houses and Epsilon houses" under the project "Thang Long Medical and Pharmacy College" with a value of 7.4 billion VND. This project has a construction site mainly made of rough stone and low soil elevation, so the construction is expected to face many difficulties due to taking a lot of time for site treatment. However, the Project Management Board is still confident that it will complete the entire bidding package and hand over the site on January 12, 2024 according to the assigned schedule.

On the morning of December 27, 2023, FPL Company coordinated with the Parent Company's Functional department to solemnly organize the Groundbreaking Ceremony for the construction of experimental bored piles under the project "Construction of functional areas at lot C3 -CH01, C3-CH02, C3-CH03, C3-CX01 and C3-CX02" belongs to the Project "Tay Mo - Dai Mo -Vinhomes park new urban area" (Lumi Residential), located at Tay Mo - Dai ward Mo, Nam Tu Liem, Hanoi. Attending the ceremony, on FECON's side, there were representatives of the Group's Board of Directors, FPL’s Board of Directors, Directors in the FECON’s member company and representatives of Supervision Consultant: Consultancy and investment Texo JSC, Design Consultant: INNO JSC. The ceremony took place solemnly with thoughtfully and sincerely prepared trays, praying for the smooth construction of the project, all success and luck, helping to demonstrate professionalism and prestigious image with the Investor so that FECON/FPL can successfully conquer the next bidding packages of the Project.

It can be said that in the last days of 2023, in addition to the hustle and bustle of acceptance, settlement of projects and debt collection, FPL is bustling with bidding, negotiation, and contract signing. This is a great motivation for the Company's project development work for 2024. The successful signing of these 04 projects and a number of other bidding packages that are in the negotiation process is not only an opportunity but also a big challenge for the BOD and Project Management Board, especially at the end of the year, when the Company needs to focus maximum resources on accelerating project acceptance, settlement and debt recovery. Currently, FPL is urgently preparing and mobilizing machinery, equipment, personnel, and financial resources for projects and quickly implementing construction. FPL will also focus on quality monitoring and labor safety supervision throughout the construction process. It is believed that FPL will ensure construction on schedule, quality, safety, and meet all strict requirements of customers.