Join our daily newsletter At The Bell to receive exclusive market insights
- Duratec (DUR) has been awarded contracts from the Department of Defence worth $25 million, most of which are in the building and asset refurbishment works sector
- The company will be providing architectural and structural refurbishment including flooring, tiling works and concrete slab replacements in addition to other architectural fit out activities
- It will also provide electrical, mechanical, fire and hydraulic infrastructure works to the building assets as part of the contracts
- All projects have or will commence this financial year and are anticipated to be completed by December 2023
- Shares in Duratec were up 1.54 per cent to $0.33 as of 3:19 pm AEST
Australian engineering, construction, and remediation contractor Duratec (DUR) has, since April, been awarded contracts from the Department of Defence worth $25 million.
The majority of the contracts are in the building and asset refurbishment works sector.
Duratec will be providing architectural and structural refurbishment including flooring, tiling works and concrete slab replacements in addition to other architectural fit out activities.
It will also provide electrical, mechanical, fire and hydraulic infrastructure works to the building assets as part of the contracts.
Managing Director Phil Harcourt said the company’s proven experience in the delivery of commercial construction and asset refurbishment projects of this scale is highlighted in these contracts.
“This project represents an exciting opportunity for Duratec to strengthen its capability, not only on the ACT market but also nationally with the Department of Defence,” Mr Harcourt said.
“These projects will provide sustained growth to the business overall and into FY23.”
All projects have or will commence this financial year and are anticipated to be completed by December 2023.
Shares in Duratec were up 1.54 per cent to $0.33 as of 3:19 pm AEST.
