Reduced Opportunities to Enter Construction Projects Due to Low-Price Bidding
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In public works tenders, if competition intensifies over contract prices with competitors due to the widespread use of low-bid tenders and excessive competition, the gross profit margin on completed construction contracts may decline, which could affect the business performance of the Group.」
The risks of competition over contract prices and declining gross profit margins on completed construction contracts due to low-bid tenders and excessive competition continue to be disclosed. - FY2021ReframedAnnual report
「In public works tenders, if competition intensifies over contract prices with competitors due to the widespread use of low-bid tenders and excessive competition, the gross profit margin on completed construction contracts may decline, which could affect the business performance of the Group.」
The description has expanded from the risk of fewer opportunities to enter projects due to low-bid tenders to the risks of intensifying competition over contract prices, including excessive competition, and declining gross profit margins on completed construction contracts. - FY2019RestatedAnnual report
「The widespread use of low-bid tenders for public works may reduce opportunities to enter construction projects and affect business performance.」
The risk of fewer opportunities to enter construction projects due to low-bid tenders continues to be disclosed. - FY2018RestatedAnnual report
「The widespread use of low-bid tenders for public works may reduce opportunities to enter construction projects and affect business performance.」
The risk of fewer opportunities to enter construction projects due to low-bid tenders continues to be disclosed. - FY2017RestatedAnnual report
「The widespread use of low-bid tenders for public works may reduce opportunities to enter construction projects and affect business performance.」
The risk of fewer opportunities to enter construction projects due to low-bid tenders continues to be disclosed in the same form. - FY2016First statedAnnual report
「The widespread use of low-bid tenders for public works may reduce opportunities to enter construction projects and affect business performance.」
The widespread use of low-bid tenders is identified for the first time as a risk that could affect opportunities to enter construction projects and business performance.