[Click eStock] "Dohwa Engineering, Continued New Order Expectations"

[Asia Economy Reporter Hyungsoo Park] ResearchAlum on the 20th expected Dohwa Engineering to maintain its position as the number one in new orders within the construction engineering industry.

Kim Doyoon, a researcher at ResearchAlum, said, "Dohwa Engineering's backlog of orders reached 1.5 trillion KRW at the end of last year," adding, "The scale of new orders this year is expected to exceed 1 trillion KRW."

He continued, "This year, the domestic SOC budget increased by 14.2% compared to last year, reaching 26.5 trillion KRW," and added, "With more opportunities to win public sector projects, the environment is positive for Dohwa Engineering."

He noted, "The introduction of the 'Comprehensive Evaluation Bidding System,' which has increased the weight of technical evaluation in public construction technology service bids since 2019, is also a positive factor," explaining, "Under the previous Qualified Bid Evaluation System, the bidder with the lowest price among companies that passed the minimum score was selected as the winner."

Furthermore, "The Comprehensive Evaluation Bidding System evaluates bidders with 80% technical score and 20% price score to select the winner," emphasizing, "Dohwa Engineering proved its technical capability by ranking first in orders within the industry last year."

As strengths of Dohwa Engineering in the construction engineering industry, he cited abundant human resources and a stable financial structure. He said, "They have 560 licensed engineers," adding, "This is 200 to 300 more than competitors."

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