Tempo wins $65m in extensions

Mining services firm Tempo Australia has won contract extensions with unnamed existing clients for construction, pre-commissioning and commissioning support services work, worth a combined $65 million for the year.

In a statement, Tempo said the extensions were with two of its existing major blue-chip clients in the oil and gas, and resources sectors.

“The contracted work scopes, to be executed as part of these extensions, include procurement support, development of construction work packs, construction planning, multidisciplinary field execution and commissioning support,” the Perth-based company said.

Tempo chairman Charlie Bontempo said the company was pleased to be continually involved in the significant projects.

“The contracts extend our valued relationships with key resources and energy clients,” he said.

“The extensions are the result of the ongoing focus and commitment of our people on site and are a further testament, in such a tough economic environment, to Tempo’s ability to differentiate its service offering – based on its drive to maximise productivity and tool time.”

Tempo shares were 4.1 per cent higher to 12.5 cents each at 10:30am.