Reducing Paperwork and Repetitive Visits... GS Engineering & Construction Launches Full-Scale Electronic Contracts

Integration of Contracts and Procedures into a Digital Process
First Applied to Mokdong Yunseul Xai
Improvements to Traditional Contract Procedures

GS Engineering & Construction announced on July 24 that it will introduce an electronic contract system for all major sales contract processes, including supply contracts, balance settlement, and occupancy.

Customers using the electronic contract system implemented by GS Construction. GS Construction

This new system focuses on reducing time and travel burdens for customers by improving traditional contract procedures, which previously required repetitive visits to model homes and sales offices as well as the creation and storage of paper documents.

The supply contract process will be conducted using tablet devices provided in the model homes. After the customer reviews the contract details, they can complete a simple identity verification and electronic signature, finalizing the contract. The electronic contract document will then be sent to the customer via AlimTalk (notification messaging service).

Option contracts can also be conducted remotely. Customers are able to review and select optional items, such as interior finishes and balcony expansions, via mobile devices and proceed with the contract. In cases where the contracting party changes, for example due to resale, both the transferor and transferee can go through identity verification and electronic signature to complete the succession of rights and obligations with GS Engineering & Construction.

The balance settlement and occupancy process after the contract will be connected with 'MY Xai,' the integrated service platform for contract customers, which GS Engineering & Construction launched in January. When the customer completes the balance settlement online, an electronic occupancy certificate is issued, which the customer presents when moving in to verify their information before entering the property.

With the adoption of this system, GS Engineering & Construction will be able to unify and manage the contract history and related documents generated over several years, from the initial sale to occupancy. This is expected to not only enhance customer convenience in contract procedures, but also improve the accuracy and efficiency of work processes.

The electronic contract system being introduced will be applied first to 'Mokdong Yunseul Xai,' a new development supplied by GS Engineering & Construction in Mok-dong, Yangcheon-gu, Seoul. The company plans to gradually expand its implementation to other projects in the future.

A representative from GS Engineering & Construction stated, "This system goes beyond merely converting contract documents to electronic form; it connects the entire customer contract and occupancy process—from supply contracts and option selection to ownership transfer, balance settlement, and occupancy—into a single digital process," adding, "We will continue to enhance our customer-centric digital services."

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