Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 98

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 98
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 April 30, 2023 and 2024 were generated from contracts obtained through invited tender from repeat customers, word of mouth referrals or contacts established from previous tenders/quotations or contracts. Other than the tender invitations sent to us, our contract department will also try to identify potential tender opportunities published on Singapore government websites (such as Singapore Government’s one-stop e-procurement portal GeBIZ, Town Council website and website of Port of Singapore Authority), and newspapers in Singapore.

Upon identifying a tender opportunity or our receipt of a tender invitation, our contract department will seek the approval of our Chief Operating Officer, or COO, before pursuing the tender opportunity or accepting/rejecting the tender invitation.

Tender Process

Tender intention inquiry/tender pre-qualification/tender invitation

Before sending us the tender invitation, our potential customers may first send us a tender intention inquiry which briefly sets out the subject matter and request us to reply if we are interested in participating in the tender. If we are interested in the project, our contract department will normally provide them with information on our organizational structure, track record in similar projects and financial standing. They may also send us invitations to pre-qualify for the tender process, in which case the invitation will normally contain the pre-qualification standards which are a set of standards for our potential customers to assess our eligibility to tender in terms of our financial, technical and organizational capability. In this case, we will submit documents (such as our work references, qualifications and financial statements, etc.) to our potential customers to demonstrate that we have the requisite licenses and qualifications as well as the financial strength to participate in the project. This tender intention inquiry or pre-qualification process generally takes one to two weeks.

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If we confirm in the affirmative and our potential customer is satisfied with the information submitted by us, our potential customer would send us a tender invitation with the tender documents, which typically consist of conditions of tender, specification of the works and services required, expected duration of project and completion time, preliminary design drawings and a set of submission criteria including time, date and place of submission. We are generally required to submit a tender proposal with schedule of rates for each item of work or equipment required.

Preliminary feasibility assessment

Upon receiving the tender documents, our COO would conduct a preliminary feasibility assessment on the potential project to decide whether to proceed with preparation for the tender. The preliminary feasibility assessment will include the following: (i) determining the scale of the project in terms of contract value; (