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The multiple benefits to VRP partners include having access to projects that are outside their existing CIDB tender range as well as involvement in joint ventures that will enable an improved CIDB grading as well as real skills transfer, access to established industry best practices and operational experience. “The intention is to create a more continuous workflow for our VRP partners, that in addition to a significantly increased turn over will provide regular income to build resources, invest...
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Categories: Benchmark 17 |

From the CEO

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The contracting environment continues to be competitive with profit margins remaining under pressure. This is self-evident from our results for the financial year ended 28 February 2017, where our contract revenue decreased by R611 million to R9,1 billion compared to the previous period (Feb 2016: R9,7 billion) and the group’s operating profit decreased from R392 million in the previous year to a loss of R106 million in the current year.
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Categories: Benchmark 17 |
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