Daewoo Engineering & Construction (KRX:047040) has been selected as the preferred bidder for the Goyang Changneung S-16BL public housing project, with a contract value of 249 billion won.
The project entails constructing 22 residential buildings totaling 1,483 units, and the company received official notification on Aug. 7, according to a bourse filing on Friday.
The final contract terms remain subject to change, and Daewoo will disclose definitive details upon signing the main agreement.