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.

More on this topic

Panama: Change of Contractor for Convention Center

February 2015

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 time limit for resumption of work ended on January 31, therefore, HPC-Contrata-P&V, S.A. is currently negotiating with Ingenieros Civiles y Asociados (ICA) who have expressed interest in continuing the construction work.

Panama's megaport in the eye of the hurricane

April 2008

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 move could be seen as a violation of the Fiscal Code. One politician, Guillermo Endara, president of the Vanguardia Moral de la Patria, called the move an administrative "atrocity" and said he would rescind the contract if he were elected in 2009.

Guatemala: International Interest in Administrative Center

June 2015

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.

The Spanish company Ortiz Construcciones y Proyectos, Odebrecht Investimentos e Participacoes, from Brazil, Inabensa Installations, from Span, Shikun & Binui Ltd., from Israel, and Consorcio CAE from Guatemala are construction companies with experience in works in Guatemalan territory, which have submitted documentation as expression of interest in bidding for the CAE.

Nicaragua: Transparency in Public Investment Projects

February 2013

Business’ optimism over the budget for public works is overshadowed by a lack of transparency in tenders.

Construction unions in Nicaragua are demanding that Government tender processes in the Public Investment Program (PIP), whose budget is $ 558 million, are conducted in a transparent manner.

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