Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 56

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 56
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 the variation order will be added to or deducted from
the notional contract sum specified in the main contract. The variation order will be deemed to be part of the main contract and we apply
for progress payments for such variation order during the course of the project as provided in the main contract.

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Duration

Our
customers typically fix an expected project duration at the tender stage. During the fiscal years ended April 30, 2023, 2024 and 2025,
the duration of our electrical installation projects and A& A projects from commencement to practical completion ranges from one to
four years and one to twelve months, respectively. If we are aware of any circumstances which may prolong the duration, we advise our
customers on ways to mitigate any impact from the extra time and cost involved. If the progress of the works is likely to be delayed
due to variation orders or certain unforeseen situations such as inclement weather on the site, we discuss with our customers in estimating
the length of the delay and agreeing to a fair and reasonable extension of time for completion.

Testing
and commissioning

Before
completion of a project, we will finalize and prepare as-built drawing submission. After that, our project manager will ensure that all
specified inspections, testing and commissioning have been carried out and that the relevant data meets our customers’ specifications
as well as local regulatory requirements. We will also conduct relevant quality and safety tests during the testing and commissioning
stage in accordance with our ISO 9001 manual before completion and handover to our customers. In the event that the test results do not
meet the requirements specified in the contract or regulatory standards, rectification works and/or re-commissioning works will be carried
out until all such requirements are met. After completion of testing and commissioning, we will compile the testing report and operational
maintenance manual for submission to our customer.

Project
completion and post completion

Work
completion

When
a project is completed, we would submit the electrical system installation drawings to the relevant government departments for inspection
and testing of the relevant system if required under local laws and regulations. For instance, (i) all building electrical system installed
in accordance with the approved plans by Singapore Civil Defence Force are required to be inspected, tested and endorsed by registered
inspectors under the Fire Safety Act 1993; (ii) fibre readiness certification, or FRC, is a pre-requisite for all property developers
or owners intending to acquire the Temporary Occupation Permit for a