Bando Construction Advances 50 Billion KRW in Construction Payments to Partners Ahead of Lunar New Year
[Asia Economy Reporter Donghyun Choi] Bando Construction announced on the 20th that it will advance the payment of approximately 50 billion KRW in construction fees to its partner companies before the Lunar New Year holiday to help them manage their finances smoothly.
Since 2018, Bando Construction has been advancing payments such as progress and completion payments to partner companies, which face increased financial demands before the Lunar New Year, to ease their financial burden and help them have a warm holiday.
Progress payments refer to the construction fees paid according to the degree of completion up to the current stage of the construction process. This year, about 250 partner companies will receive an early payment of 50 billion KRW in construction fees.
A Bando Construction official said, "The growth of Bando Construction was possible thanks to the support of the partner companies at the Bando Yubora construction site," adding, "We will continue to strengthen partnerships for mutual growth with our partners, not only by advancing construction fee payments."
Bando Construction has been hosting 'Excellent Partner Company Meetings' and 'Mutual Growth Workshops' by inviting partner companies to enhance their competitiveness and improve customer satisfaction at Bando Yubora. Going forward, Bando Construction plans to continuously expand mutual cooperation systems to strengthen ties with partner companies and promote mutual growth and coexistence.
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Meanwhile, to expand systematic social contribution activities, Bando Construction established the Bando Cultural Foundation in October last year and opened the complex cultural space ‘Ivy Lounge’ at 'Dongtan Station Karim Avenue 2nd Phase,' leading cultural popularization projects such as operating an art gallery and library, cultural performances and lectures, and sponsorship programs.
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