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With PIE accident behind, OKP resumes contract wins; eyes more shophouses for more recurring income

The Edge Singapore
The Edge Singapore 10/8/2021 02:42 PM GMT+08  • 8 min read
With PIE accident behind, OKP resumes contract wins; eyes more shophouses for more recurring income
OKP's Daniel Or is confident that the company will be back again and recognised as one of the big boys of local construction
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More than four years after the collapse of a half-built expressway viaduct in July 2017, the guilty parties involved have been convicted. Infrastructure building contractor and property developer OKP Holdings saw two of its employees sentenced and the company’s subsidiary was slapped with a million-dollar fine. “Yes, I’m sure there is some reputational losses,” says executive director Daniel Or in an interview with The Edge Singapore.

According to him, the company has spent much time and effort improving its safety processes. There is also the bigger challenge of winning back the confidence from the customers — many of whom are the public sector agencies that have been awarding OKP contracts of one kind or another over the years.

There are some positive signs in this regard though. Less than three months after the court passed its sentence, OKP announced on Aug 30 it had won a $49.6 million contract from the Public Utilities Board (PUB) for drainage improvement works.

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