Megawide bags P14B construction contract from 8990 Holdings
Construction and engineering firm Megawide Construction Corp. has landed a P14 billion contract to build mass housing developer 8990 Holdings Inc.’s newest residential project, Urban Deca Homes Ortigas.
The contract, signed on Aug. 14, is Megawide’s largest private EPC (engineering procurement and construction) contract to date and its second project with 8990.
“We’re very excited to once again be working with 8990. They have created a singular niche in the property sector through mass housing. Through this project, we are able to provide quality engineering and construction at an affordable price,” said Edgar Saavedra, president of Megawide.
The 13-hectare development, located along Ortigas Extension in Pasig City, will feature 24 residential buildings with a total of 18,993 units and a mall.
As EPC contractor, Megawide will undertake site development as well as civil, structural, architectural and MEPF (mechanical, electrical, plumbing and fire protection) works.
Megawide intends to maximize the use of its proprietary construction technologies by using precast for segments that are normally built through conventional methods. “Our Filipino team is now working with Japanese and German technical engineers to create a structurally resilient design. We will be maximizing the use of structural precast elements such as bearing and shear walls and slabs. This will be complimentary to our use of precast architectural components such as façade walls, unit partition walls, and stairs among others,” Saavedra said.