Perth water management company Welltech has had the biggest win of its 20-year history with a contract to work on Brisbane’s largest ever capital works project.
Welltech has been contracted to bypass sewerage during the construction of the $80 million Woolloongabba Sewer Upgrade Project, which involves John Holland installing more than 5 kilometres of sewerage pipes in the city.
The contract is expected to keep Welltech busy for 18-24 months and, at a value of $20 million, is more than double any of the company’s prior contracts.
Welltech co-founder David Henderson told WA Business News the contract would help the company chase turnover in the region of $30 million in the 2013 financial year – up from $20 million in 2011-12.
“But in the next five to ten years we’ll be looking at turnover of $50 - $100 million and this contract will be looking like a small job,” he said.
The company has built its core business around water management in construction but entered the sewerage bypass market after completing a job for Water Corporation.
Success in that business prompted Welltech to expand to the East Coast where it has been conducting bypass contracts for the past three years.
Welltech employs about 30 staff Australia-wide.
