Rogue builders lose rights to Guatemalan housing projects
Housing projects that have been left half-built by rogue construction companies are to be offered to others of proven honesty, the Guatemalan Housing Fund announced.
Thursday, May 22, 2008
Some 28 companies have walked away from half-completed housing developments despite receiving a 70 percent advance on their fees. Now the fund says it will hire other companies to finish the work.
The work in Amador has been paralyzed since January, and the Tourism Authority is assessing whether to terminate the contract with HPC-Contrata-P&V, and award it to Ingenieros Civiles y Asociados.
The decision of the Executive Branch to contract directly and without bids the construction of a 600 million dollar container terminal at Farfán has created distrust in Panama's business and political classes.
The tender for the construction of an Administrative Center of the State is attracting building consortia from around the world, some of which are already operating in the country.
Business’ optimism over the budget for public works is overshadowed by a lack of transparency in tenders.
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