Daewoo Engineering & Construction will introduce a partner selection system centered on safety.
On the 1st, Daewoo Engineering & Construction held the "2026 excellent partner co-growth roundtable" and outlined plans to implement a safety rating system. The roundtable was attended by CEO Kim Bo-hyeon of Daewoo Engineering & Construction, key executives and employees, and representatives of partner companies.
Daewoo Engineering & Construction decided to completely overhaul its selection system by moving away from the existing lowest-bid method and awarding bid advantages to partners with strong safety ratings. It shared that it will adopt safety evaluation grades from credit rating agencies and, if the threshold is not met, bar participation in bidding, prioritizing on-site safety management capabilities above all else.
At the roundtable, the top and partner companies were selected by category in outsourcing, materials, safety, and customer satisfaction. The top partners receive benefits such as priority in contracts and a 50% reduction in performance bond requirements for the year. Excellent partners received bidding incentives and a 50% reduction in performance bond requirements for the year.
CEO Kim Bo-hyeon said, "Thanks to the dedication and efforts of our partners, we achieved No. 1 in dwelling supply performance for two consecutive years and are preparing large-scale national projects such as the new airport on Gadeokdo and the Czech nuclear power plant without setbacks," adding, "This year, with the spirit of 'Hyper E&C' (super construction), let's make up for each other's shortcomings and leap forward together."