Trevabina Construction
Trevabina Construction
Company Background
Trevabina was incorporated in 2000 as a wholly-owned subsidiary of Treva Corporation Sdn Bhd (Treva Corp) to undertake general contracting and civil engineering works. Treva Corp, formed in 1998, was a property development company owned by Trevari Kamal. Trevabina commenced business in 2001 when it received a project worth $280,000 to build a store for the Ministry of Defence. Between 2002 and 2004, the company took on increasingly larger jobs ranging from $500,000 to $5,000,000 for government agencies throughout Malaysia. These jobs, which took between 9 and 18 months to complete, included the construction of army quarters, schools, and hospitals.
In 2005 Trevabina was awarded a major contract worth $28 million to build an army camp. On completion of this project, it was awarded another army camp project with a contract price of $55 million and an estimated completion period of 3 years. Both the above projects were negotiated contracts secured through personal and political connections. Trevabina was able to realize relatively high profits from these two projects. In addition, monthly progress payments in the range of $1 million to $1.5 million from these two projects enabled the company to enjoy peak performance at a time when many other building contractors were facing financial difficulties.
Between 2008 and 2011, Trevabina had secured another seven government projects worth between $4 million and $20million. All of these projects were fixed-price contracts secured through competitive bidding following the government's decision to adopt the tendering (bidding) system in awarding most of its projects. Due to intense competition to secure government contracts during this period, Trevabina had to bid at very low prices to secure its projects. As a result, the company's profits dropped despite increased work volume. It also began to lose control of operations and experience construction delays and cost
Company Background
Trevabina was incorporated in 2000 as a wholly-owned subsidiary of Treva Corporation Sdn Bhd (Treva Corp) to undertake general contracting and civil engineering works. Treva Corp, formed in 1998, was a property development company owned by Trevari Kamal. Trevabina commenced business in 2001 when it received a project worth $280,000 to build a store for the Ministry of Defence. Between 2002 and 2004, the company took on increasingly larger jobs ranging from $500,000 to $5,000,000 for government agencies throughout Malaysia. These jobs, which took between 9 and 18 months to complete, included the construction of army quarters, schools, and hospitals.
In 2005 Trevabina was awarded a major contract worth $28 million to build an army camp. On completion of this project, it was awarded another army camp project with a contract price of $55 million and an estimated completion period of 3 years. Both the above projects were negotiated contracts secured through personal and political connections. Trevabina was able to realize relatively high profits from these two projects. In addition, monthly progress payments in the range of $1 million to $1.5 million from these two projects enabled the company to enjoy peak performance at a time when many other building contractors were facing financial difficulties.
Between 2008 and 2011, Trevabina had secured another seven government projects worth between $4 million and $20million. All of these projects were fixed-price contracts secured through competitive bidding following the government's decision to adopt the tendering (bidding) system in awarding most of its projects. Due to intense competition to secure government contracts during this period, Trevabina had to bid at very low prices to secure its projects. As a result, the company's profits dropped despite increased work volume. It also began to lose control of operations and experience construction delays and cost