"Safety-Focused Partner Bidding Incentives" Daewoo E&C Holds Co-Prosperity Meeting

Daewoo Engineering & Construction announced on the 1st that it held the 2026 Outstanding Partner Co-Prosperity Meeting. The event was attended by CEO Kim Bohyun, key executives, and representatives from partner companies.

During the event, the company shared detailed implementation plans for the new safety rating system being introduced this year. The selection process will be completely overhauled, moving away from the existing lowest-bid method to a system that grants additional points to partners with excellent safety ratings. The company also announced that safety evaluation scores from credit rating agencies will be incorporated, and companies that do not meet the required standards will not be allowed to participate in bidding. This emphasizes that on-site safety management capabilities will be prioritized above all else.

At the meeting, the top-performing and outstanding partners were selected in each category—outsourcing, materials, safety, and customer satisfaction. Top-performing partners receive benefits such as priority in contracts and a 50% reduction in performance guarantee deposits for the year. Outstanding partners were given bidding incentives and the same 50% reduction in performance guarantee deposits for the year.

Participants are taking a commemorative photo at the Daewoo Engineering & Construction Co., Ltd. Partner Growth Meeting held on the 1st. Provided by Daewoo Engineering & Construction Co., Ltd.

CEO Kim stated, "Thanks to the dedication and efforts of our partner companies, we achieved the No. 1 position in housing supply performance for two consecutive years and are preparing for major national projects such as the new airport on Gadeokdo and the Czech nuclear power plant without any setbacks." He added, "This year, let us come together in the spirit of 'Hyper E&C' to complement each other's strengths and make progress together."

Daewoo Engineering & Construction has been holding annual meetings with partner companies since 2007. In 2012, the company launched a co-prosperity fund to provide financial support to partners, and since last year, it has also supported employee welfare programs such as gifts for childbirth and scholarships for children of partner company employees. On this day, Chairman Jeong Wonjoo made an unscheduled visit to the event to offer his encouragement. Chairman Jeong remarked, "Although external uncertainties such as war continue, I believe that through trust and cooperation, we can overcome these challenges together."

This content was produced with the assistance of AI translation services.