Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 99

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 99
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 in the relevant contracts or the fair value of work, day rates or estimated cost and profit agreed between our customer and ourselves. In general, after receiving a variation order from our customer describing the detailed works to be carried out as a result of such variation order, we make an estimation of the costs likely to be involved and where appropriate, obtain quotations from our subcontractors and suppliers, before we prepare and submit a proposed rate for such variation order to our customer for approval. The amount of 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.

Duration

Our customers typically fix an expected project duration at the tender stage. During the fiscal years ended April 30, 2023 and 2024, 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 12 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.

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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, (