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CORENET OPERATIONS OUTSOURCED
TO NOVA
 19 June 2007 – The Board
of Directors of Nova MSC Berhad is pleased to announce
that the Company's wholly-owned subsidiary novaCITYNETS
Pte Ltd ("NCN"), has been awarded a multi-million
contract by the Building and Construction Authority
of Singapore ("BCA").
Under the contract, NCN will provide professional services to BCA to manage,
operate, support, deliver and enhance the CORENET Electronic Submission System
as a mission-critical electronic service to the construction industry and
participating government agencies in Singapore for a total of approximately
S$4.8 million (or approximately RM10.8 million) over a contractual period
of 5 years plus an option to extend the contract for a further 5 years. In
addition, NCN is granted the rights to market commercial value-added services,
including training, consultancy, online promotion, channel and marketing,
via the CORENET e-Submission System and NCN's internet portal over the contracted
years. The project is expected to contribute positively to the result of
the Group over the contractual period.
None of the directors and/or substantial shareholders of Nova MSC Berhad or
persons connected to the said directors and/or substantial shareholders have
any interest, direct or indirect in the new contract awarded.
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About CORENET
CORENET (Construction and Real Estate
NETwork) is a major IT initiative under Singapore’s
IT 2000 Masterplan driven by the ministry as well
as BCA. The aim of CORENET is to re-engineer and streamline
the fragmented work processes in the construction
industry to achieve a quantum leap in quality, productivity
and turnaround time. The CORENET project is unique
because of its extensive collaboration with other
public and private organisations.
The CORENET e-Submission System (eSS)
is a Nation-Wide G2B and G2G framework built using
Nova’s PAVO platform solution. eSS facilitates electronic
submission and approval of all applications made to
Government Agencies throughout the property development
life cycle, which includes planning approvals, building
approvals, structural approvals, temporary occupation
permit (TOP), certificate of statutory completion
(CSC) and fire safety certificate (FSC). In addition,
eSS also allows public to apply for various types
of permits and licenses on-line.
eSS brings about significant manpower
and cost savings to both the industry and government
agencies. Without eSS, the applicant needed to prepare
different sets of physical documents and submit them
to the relevant agencies manually within office hours.
With eSS, the applicant can prepare and submit the
same set of electronic documents to the relevant agencies
in the comfort of their home or office at any hours.
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