Roadworks Awarded in Panama for $67 million

Consorcio Ininco S.A. was the best qualified bidder in the tender for the works for improvement and expansion of the Amador Causeway.

Tuesday, October 8, 2013

From a press release by the Ministry of Public Works in Panama:

The Ministry of Public Works today held the ceremony for opening the economic proposals for the best value tender for the study, design, partial financing, construction, improvement and extension of the causeway between Monumento a la Bandera and the Entry to Isla Flamenco.

During the event, the price estimated by the Ministry of Public Works was unveiled which was $1,72,345,799.32. At the same time, the scores of the technical and economic evaluations were reported, resulting in the award going to Ininco S.A. having obtained the highest score (979) for their technical and financial proposals combined. The company's offer was $66,595,391.83 representing 6% less than the reference price.

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