LH Begins Selection of Construction Company for Daegu Daemyeong Narrow House Maintenance Project

Daegu Daemyeong LH Participatory Street Housing Maintenance Project Bird's-eye View (Photo by LH)

[Asia Economy Reporter Moon Jiwon] Korea Land and Housing Corporation (LH) announced on the 10th that it will officially proceed with the 'Daegu Daemyeong LH Participatory Street Housing Maintenance Project,' starting with the bid announcement for selecting a contractor on the 5th.

The Daegu Daemyeong district had pursued a private reconstruction-type maintenance project since 2006, but the project was delayed for a long time due to complex procedures and conflicts of interest among owners and other stakeholders.

Subsequently, the direction was changed to a street housing maintenance project, and with LH's participation in the project, continuous communication and cooperation with residents led to the establishment of the association and signing of a joint implementation agreement last year, and now the selection of a contractor is being promoted.

The LH participatory street housing maintenance project allows LH to participate as a joint implementer, enabling stable project progress and the selection of a contractor reflecting residents' opinions. The contractor participates only in construction under a subcontracting contract, bearing less project risk.

The contractor for the Daegu Daemyeong district will be selected through a designated competitive method among 11 companies wishing to participate, ranked within the top 50 subcontracting companies (top 100 regionally) from the LH construction company pool eligible to use the brand.

LH will hold a site briefing session on the 13th and evaluate bids next month. The association will present the three companies selected through the delegates' meeting to the residents' general assembly for the final contractor selection.

Once the contractor is selected, the project implementation plan will be established next year, and construction work is scheduled to begin in the first half of 2022.

Park Hyun-geun, head of LH's Urban Maintenance Project Department, said, "Building on the successful promotion of street housing districts in Daegu, we will actively fulfill our role as a public developer to revitalize street housing maintenance projects nationwide."

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