Syntec Construction Public Company Limited (“the Company”), formerly known as Siam Syntechs Construction Public Company Limited, was registered as a registered juristic person in Thailand on December 22, 1988. Then, it was registered as a public company limited on October 14, 1992, and listed on the Stock Exchange of Thailand on February 12, 1993. The registered address of its head office is 555/7-11 Soi Sukhumvit 63 (Ekkamai), Sukhumvit Road, Khlong Tan Nuea Subdistrict, Watthana District, Bangkok 10110, and its branch office is located at 61 Soi Lang Suan, Ploenchit Road, Lumpini Subdistrict, Pathumwan District, Bangkok 10330, principally engaged in construction contracting and real estate development business for room service or serviced apartments.
The Company’s main business operation maintains its full-service construction business, including accepting construction works from public agencies and the private sector. It provides services from the beginning to the completion of construction in a manner known as “One-Stop Service” which includes preparatory work, piling work, foundation work, soil erosion protection work, structure work, architecture work, architectural work, landscape architectural work, and system engineering such as electrical system work, mechanical system work, sanitation work, elevator system work, air conditioning system work, and various automation systems in the building.
The Company’s construction contracts are carried out in accordance with the appropriate procedures in the case where an employer is a public agency, state enterprise, or private sector, which will determine the bidding algorithm, a time frame for implementation, and different construction conditions. If the Company has been selected through price negotiation and specified construction conditions that satisfy all parties, it is finally commissioned for such construction.
The Company’s construction contracts are carried out in accordance with the appropriate procedures in the case where an employer is a public agency, state enterprise, or private sector, which will determine the bidding algorithm, a time frame for implementation, and different construction conditions. If the Company has been selected through price negotiation and specified construction conditions that satisfy all parties, it is finally commissioned for such construction.
In terms of construction labor, the Company has its own daily workers and some workers are from subcontractors that are properly registered with the Company and meet the criteria set by the Company. The advantage in this respect is that the number of workers needed for each period can be set appropriately, which also brings effective cost control.