Global Construction Services secures hospital contract

Company News

by Rachael Jones

Construction services group Global Construction Services (ASX:GCS) has secured a $5.3m contract for the redevelopment of the Royal Victorian Eye and Ear Hospital taking its total project awards since entering the Victorian concrete and formwork market last year to over $26.5m.

The Victorian Department of Health and Human Services has awarded the complete concrete structure works to GCS’s wholly owned subsidiary, GCS Summit Contracting.

The project is expected to commence in November 2018 and be completed in approximately seven months.

Shares in Global Construction Services (ASX:GCS) are trading flat at 73 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.