Technical Terms

I Company No.: 1134880-W I
DEFINITIONS (Cont’dj
“Promoters”

” Prospectus”
“Public Issue”
“QMS”
“R&D”
“SC”
“Share(s)” or “16GB

Share(s)”
“SICDA” or “Depository Act”

“sq ft”
“Underwriter”
“Underwriting Agreement”

“UK”
“USA”

Currencies
“HKD”
“RM” and “sen”
“USD”

 

Technical Glossary
“Bills Of Quantities” Collectively, Apexjaya, Lim Ooi Joo, Teo Hock Choon and Ahmad Bin Awi This prospectus dated 5 May 2017 in relation to our IPO The public issue of 107,051,800 Issue Shares at our IPO Price Quality Management System Research and development Securities Commission Malaysia Ordinary share(s) in 16GB
Securities Industry (Central Depositories) Act, 1991, as amended from time to time, and any re-enactments thereof Square feet
M&A Securities The underwriting agreement dated 3 April 2017 entered into between our Company and M&A Securities pursuant to our IPO
United Kingdom United States of America
Hong Kong Dollar Ringgit Malaysia and sen respectively United States Dollar
A bills of quantities is a document prepared by professional quantity surveyor on behalf of the client that prOVides project specific measured quantities of the items of work identified by the drawings and specifications in the tender documentation. The quantities may be measured in number, length, area, volume, weight or time. The bills of quantities is issued to tenderers for them to prepare a price for carrying out the works. The bills of quantities assists tenderers in the calculation of construction costs for their tender such that all tenderers will be pricing the same quantities for the said project
xi
I Company No.: 1134880-W I
DEFINITIONS (Cont’d)
“Certificate of Making Good Defects”
“Certificate of Practical Completion”
“CONQUAS”
“Construction Industry Standard (CIS7: 2006)”
“IBS”
“liquidated damages”
“Letter of Acceptance”
“M&E”
“QLASSIC”
“SHASSIC”
“SOHO” A Certificate of Making Good Defects is issued to the contractor by the architect that is appointed by the client at the expiry of the defects liability period when all the defects notified have been made good or have been dealt with. However, it shall not prejudice any other rights in regard to latent defects or other breaches of the contract involved
A Certificate of Practical Completion is issued to the contractor by the architect that is appointed by the client after the contractor has completed all the required contractual obligations and has given a written undertaking to complete any outstanding work during the defects liability period
Construction Quality Assessment System, a workmanship assessment system developed by Building and Construction Authority Singapore for a quantitative measure of the overall quality of a building’s workmanship
Construction industry standard on quality assessment system for bUilding construction work developed by ClDB, as amended from time to time
Industrialised building system, a construction method that utilises structural components, or a building system that involves pre­fabricated components and on-site installation
liquidated damages, are damages due to the client which are calculated based on the rate and terms stated in the contract when the contractor fails to deliver the completed work within the period stipulated in the contract
Letter of formal acceptance by the employer of the tender. Letter of Acceptance will also be appended in the contract executed between the employer and the contractor
Mechanical and electrical
Quality Assessment System in Construction, a system or method to measure and evaluate the workmanship quality of a bUilding construction work based on Construction Industry Standard (CIS7:2006). QLASSIC enables the quality of workmanship between construction projects to be objectively compared through a scoring system
Safety and Health Assessment System in Construction, conducted by ClDB, is a new independent method to assess and evaluate the safety and health performance of a contractor in construction works/projects
Small office or home office
xii
I Company No.: 1134880-W I
DEFINITIONS (Cont’d)
“Shop Drawing”
“Tunnel Form System”
A set of drawings produced by the contractor, supplier, manufacturer or fabricator which provides details on how prefabricated components are expected to be manufactured, fabricated, assembled or installed. The shop drawings are developed based on the design intent drawings and specification as prepared by the manufacturer and fabricator
Tunnel form is a formwork system that allows the contractor to cast walls and slabs in one operation on a daily cycle. Each 24 hours, the formwork is moved so that another tunnel can be formed. The walls and slabs are cast in a single operation using specially designed half tunnel steel forms that come in different shapes, sizes and modules. Tunnel form system is part of ISS and is an effective way to construct bUildings that have repetitive elements or layouts. The tunnel formwork can be reused more than 500 times
[ The rest of this page is intentionally left blank]
xiii

 

Comments are closed