P3 Project Pte Ltd

P3 Project Pte Ltd

Business Profile

04/22/23 DUPONT CONFIDENTIAL

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Introduction

P3 Project is a construction and engineering company which is involved in the power plants, oil & gas, pharmaceutical and manufacturing industry.

It’s a spin-off company conceived from its former allied company P3 Construction Engineering Pte Ltd

P3 Project was formed on 18 July 2011 but commenced operation only on Nov 1, 2011. Within a year of operation, P3 Project not only clinched a major project in Tuas Power but achieved presence to be a recognized resident contractor at the 2 big pharmaceutical clients in Singapore.


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Corporate Vision

Competitors ~ To strive not to compete with our competitors but work together in a win-win solution

Safety ~ Top management commitment towards excellence in safety and quality of business

Relationship ~ To establish good relationship with our clients and future clients

Collaboration ~ To join forces with big players in local & overseas ventures

Opportunities ~ To spearhead any new opportunities in the existing and new market presents

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Corporate Data

Company Name : P3 Project Pte Ltd

Company Registration No : 201117104W

Establishment : 18 July 2011

Operation : 01 Nov 2011

Authorized/Paid Up Capital : S$ 500,000.00

Employees : 101

Office : 8 Boon Lay Way, #09-04 Tradehub 21, S609964

Workshop : 32 Old Toh Tuck Road, #05-03 I.Biz Centre, S597658

Site Office : MSD (West Campus) at Tuas West

: MSD (South Campus) at Tuas South

: Baxter at Woodlands Industrial Park


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Types of Business

Services : Heavy lifting and equipment installation

: Piping and steel fabrication & installation

: Plant daily maintenance including shutdown/turnaround works

: Maintenance of rotating equipment and alignment

:Plant & machinery transfer/relocation including transportation & packing works

: Tower field for refinery and petrochemical

: Manpower contract services - direct and indirect resource


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Past & Current Project (as at Dec, 2013)

No Project Location Start End Value

On-going Project

1Jurong Engineering Limited Chana Combined Cycle Power Plant Block 2 Project, Thailand

SongkhlaThailand

Feb-13 To Date $ 1,106,000

Completed Project

1

Jurong Engineering Limited CCP5 Mechanical Erection Works for Gas Turbine, Generator, Steam Turbine, Power Island & Piping Project

Tuas Power Jan-12 Dec-12 $ 2,750,000

2 MSD Utility Piping Project MSD South Apr-12 Sep-12 $ 415,000

On-going Daily Maintenance Project

1Maintenance Contracts & Ad-hoc works

MSD West & South

Jan-12 To Date $ 500,000

2 Maintenance Contracts & Ad-hoc works

Woodlands Jan-12 To Date $ 150,000


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Company Performance for 2013 (as at Dec, 2013)

No List of Clients As at Oct 13

1 JURONG ENGINEERING LIMITED $ 3,550,000

2 MSD $ 1,500,000

3 SANKYU SINGAPORE & MALAYSIA $ 1,500,000

4 GE KEPPEL ENERGY SERVICE PTE LTD $ 200,000

5 LEND LEASE SINGAPORE PTE LTD $ 300,000

6 BAXTER $ 500,000

7 OTHER CLIENTS $ 205,000

$ 7,755,000


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Organization Chart


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Workforce Strength

QTY QTY QTY

MANAGEMENT INDIRECT STAFF DIRECT STAFF

Managing Director 1 Lead Engineer 2 Lifting Supervisor 4

Project Director 1 Engineer 4 Rigger/Signal 18

Business Engineering Manager

1 QA/QC Engineer 2 Supervisor 4

Engineering Manager 3 Safety Coordinator 3 Foreman 7

Accountant 1 Fitters 15

HR Manager 1 Welders 15

Procurement 1 General Workers 15

Clerical Staff 3

12 11 78


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Achievement

We have just turn 2 year old on Nov 1, 2013, but have achieved a remarkable turnover of S$ 7 million within the infancy year.

Our workforce grew from a mere 20 to 101 people

We have achieved Biz Safe Level 3 recently

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Safety

The top management and its entire manpower strength are commitment to Health, Safety, Security and Environment (HSSE) and Quality, which is the pillar of the success of executing our jobs with no incidences, violation or loss time injury.

Being a new company, we have put in placed all necessary precautionary measures through sharing of the policies and implementing it.

We have just obtained the BizSafe Level 3 and we will not stop here. The Top Management and all staff are currently working together to achieve the following:

BIZ SAFE LEVEL 4 Estimated by Mid of 2013

BIZ SAFE STAR Estimated by End of 2013

ISO 9001 Estimated by Mid of 2014


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Future Management Plan Turnover ~ to achieved by an increase of 150% based on the following forecast

estimation:

Daily Maintenance ~ $1.5 million

Shutdown Maintenance ~ $1.0 million

Project 1 ~ $2.5 million

Project 2 ~ $1.0 million

Adhoc ~ $1.0 million

Manpower ~ to increase by 100%. Government policies took a dramatic change recently and we forecast tougher rules are ahead beyond 2014

Joint Venture ~ On-going collaborative efforts are in-progress

Acquisition ~ We are in talks to acquire another matured engineering company giving us backdoor entry to many plants

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Licences

We have obtained the following licenses in Singapore as follows:

General Building Class 1 ~ BCA

Mechanical Engineering ME 11 ~ BCA

Corporate Member ~ ASPRI


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Diversity of P3 Project & its allied Companies

Other than P3 Project, we have also setup various companies in order to tap on different opportunities in different market segment. This is to provide an avenue for ourselves and towards the benefit of our clientele. The following are the list of companies illustrated with their nature of businesses:

Absolute Interior Design Creative Pte Ltd

~ Architectural Design, Interior Design, Contract and Renovation

Pinge Pte Ltd ~ Property Management

Weingwork Pte Ltd ~ Business Consultant

P3 International Property Pte Ltd ~ Property Investment

P3 Project Sdn Bhd ~ Construction company in Malaysia

P3 Project (Myanmar) Co. Ltd ~ Construction company in Myanmar


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THANK YOU

Documents

P3 Project Pte Ltd