Jakarta (Yosefardi) – Construction firm PT Total Bangun Persada Tbk (TOTL) will not apply the joint operation scheme, to boost its revenue next year.
The company said the joint operation scheme (KSO) will share the revenue from such a project, while the culture and principles of both parties are not easily compromised.
Total Bangun targets to book revenue of Rp2.3 trillion in 2015, lower than Rp2.4 trillion targeted for this year. It also targets to book new contracts of Rp3 trillion next year.
As of November 2014, TOTL has booked contracts of Rp6.2 trillion, surpassing this year’s target of Rp5 trillion.