GO2 People Ltd (ASX:GO2) has received the Building, Management and Works (BMW) pre-qualification from the Western Australian government.
The BMW pre-qualification allows GO2’s building division to tender for local and state government projects to the value and complexity as per the company’s qualification.
Achieving pre-qualification is an important milestone in GO2’s overall strategic plan and provides a platform to increase its presence in the government sector.
It is worth noting that GO2 Building completed its first Western Australian state government contract in the December 2018 half.
GO2 is waiting on a number of tendered contracts to be awarded this quarter after the company increased group revenue 37% in the December 2018 half-year compared to the previous corresponding period.
The addition of large national and multi-national construction and mining contractors to its client list in the December 2018 half-year underpinned the growth of the company located near the fly-in, fly-out hub of Perth Airport.