GFM Services Berhad’s wholly-owned subsidiary, Global Facilities Management Sdn. Bhd. has secured a Letter of Acceptance from the Public Works Department (JKR) to provide facilities management services for Istana Negara for a total of 5 years.
The contract which is for 2022 until 2027 has a total value of RM367.2 million. Under the LOA, GFM’s scope of services comprises operations and maintenance services in relation to transitional management, architecture, civil and structure, mechanical, electrical, landscaping, Computerised Maintenance Management systems, energy efficiency, and repair and replacement, among others. The addition of this new contract boosts GFM’s current order book to RM1.41 billion.
Istana Negara is the official residence of the Yang di-Pertuan Agong and has a land area spanning 97.65 hectares and is split into three main components, namely the Formal Component, Royal Component, and Administration Component. Official functions and receptions held by the YDPA are held at the venue.
Commenting on the award, Encik Ruslan Bin Nordin, the Executive Vice Chairman of GFM said, “this contract win provides us with improved earnings visibility and further replenishes our current order book to RM1.41 billion. At the same time, it enables us to gain traction in securing more jobs from the public sector. We have a solid track record of maintaining public facilities, including Bank Negara Malaysia premises, the Sabah State Administration Centre, and the Sultan Iskandar Customs, Immigration, and Quarantine Complex in Johor, to name a few. We are confident that the expertise and skills we have amassed will allow us to deliver effective FM services at Istana Negara.”
Apart from the provision of FM services, GFM is also the owner of a university asset concessionaire, KP Mukah Development Sdn. Bhd., for Universiti Teknologi MARA (“UiTM”) Mukah campus in Sarawak.
