CIVIL has joined the JUMP+ initiative by the Stock Exchange of Thailand (SET) to establish a three-year roadmap targeting an EBITDA of 400 million baht. This initiative aims to enhance the organization in all dimensions under the FAST strategy, which focuses on selecting valuable projects, controlling costs, delivering work as planned, improving operational efficiency, enhancing competitiveness, and building a stable business foundation.

Mr. Piyadit Asawasirisuk, CEO of Civil Engineering Public Company Limited (CIVIL), a leading comprehensive construction company in Thailand, revealed that the company is participating in the “JUMP+” project designed to enhance the value of listed companies, established by the Stock Exchange of Thailand (SET), with a goal to push EBITDA to 400–430 million baht by 2028.

The company’s business plan is driven by the CIVIL FAST strategy, which encompasses management throughout the value chain and proactive management, including selecting appropriate projects that create long-term value while enhancing sustainable profitability. The focus is on participating in the development of public and private infrastructure to generate long-term revenue and reduce business volatility, as well as expanding water management systems to meet the increasing demand from the government.

Cost Control and Operational Expense Management: The company emphasizes establishing a systematic cost management system that covers materials, labor, and subcontractors, from advance planning and strategic purchasing to monitoring actual costs against budgets, alongside managing operational expenses (SG&A) and enhancing organizational efficiency through technology. This includes increasing the utilization rates of machinery and equipment to reduce project costs and enhance profitability.

Project Management and Delivery: The company aims to elevate its project management system to cover time, quality, and resources to ensure timely delivery, reduce cost risks and penalties, and support continuous revenue recognition, alongside effectively managing variation orders and contract claims to increase revenue without increasing cost burdens.

The governance plan includes enhancing corporate governance with a focus on anti-corruption and fraud, developing a whistleblowing system, and improving human resource management structures to build transparency and trust among stakeholders, with a goal to achieve certification from the Thai Private Sector Collective Action Coalition Against Corruption (CAC) by 2028.

Regarding climate plans, the company is preparing to complete its greenhouse gas emissions accounting, covering Scope 1 and Scope 2, by 2026, verified by accredited agencies to enhance data credibility, with partial disclosures starting in 2027 and full disclosures by 2028.

“Participating in the JUMP+ project represents a significant organizational restructuring to enhance our business capabilities. We believe that the value enhancement plan under this initiative will strengthen our operations, improve efficiency, and systematically enhance our competitiveness according to the CIVIL FAST strategy, while adhering to governance principles and environmentally conscious business practices to build a stable business foundation and deliver appropriate returns to shareholders in the long term,” said Mr. Piyadit.