Bando Construction Wins Contract for Ajou University Dormitory Construction Project

Aerial view of Ajou University dormitory.

[Asia Economy Reporter Donghyun Choi] Bando Construction announced on the 18th that it has won the contract for the construction of the dormitory at Ajou University, located in Woncheon-dong, Yeongtong-gu, Suwon-si, Gyeonggi Province.

The Ajou University dormitory construction project involves building a dormitory with a total of 360 rooms, spanning a building area of 1,622㎡ and a total floor area of 14,681㎡, from one basement floor to 11 above-ground floors. The total construction cost is approximately 17 billion KRW. Several mid-sized construction companies competed fiercely for this project, and Bando Construction, ranked 14th in construction capability, was ultimately selected in recognition of its technical skills and high credit rating.

Over the past decade, Bando Construction has built a diverse portfolio by undertaking various public and private projects in architecture, civil engineering, landscaping, electrical, and fire protection fields. Based on its accumulated experience, technical skills, and high credit rating, the company expanded its public and private order market, notably winning the 50.9 billion KRW ‘Busan-Jinhae Free Economic Zone Myeongdong District Industrial Complex Development Project’ alone in June last year.

This year, despite the contracting market being subdued due to the COVID-19 pandemic, Bando Construction secured six projects in total, including four public projects such as the ‘Busan Port North Port Waterfront Park Construction,’ ‘Changwon Gap'o Public Housing District Development Project Management,’ military facility construction (20-Gong-Sa O Area Facility Construction), and electrical work for the Hongseong County Provincial Government Relocation New Town RH-11BL Apartment Section 4, as well as two private projects. Among these, four projects were won solely, and one was jointly won as the lead company, demonstrating recognition of Bando Construction’s technical skills and project execution capabilities in both public and private sectors.

A Bando Construction official stated, “Recently, we have achieved good results in the housing business sector, including winning the largest-ever development land and the new Gyeongju Station area joint housing land from Korea Land & Housing Corporation (LH). Based on the technical skills we have accumulated, we plan to actively participate in public, infrastructure, and private order projects and foster them as key businesses.”

This content was produced with the assistance of AI translation services.