Mallol Favorite for Panamanian Financial Tower

Of the 6 participants in the bidding for the $ 8 million project, Mallol & Mallol, obtained the highest score.

Thursday, November 11, 2010


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With 94 points out of a total of 100, the company overtook the firm Pinzón & Lozano by 10 points. In third place with 72 points was consortium Kobi, Karp, FIMS & Sum.

"The three companies reached the final phase by submitting almost even financial offers, with a difference of only $ 11. All of them below the $ 8 million reference price imposed by the Ministry of Economy and Finance for a 300 meter high tower which seeks to accommodate the State´s financial institutions," reported Prensa.com.

More on this topic

Mallol will Design Panamanian Financial Tower

November 2010

The Ministry of Economy awarded company Mallol & Mallol the design of the project.

Official awarding could be delayed due to the filing of a complaint with the Public Procurement Department by Pinzón Lozano & Asociados.

"Pinzón Lozano & Asociados ensures that the commission´s report incurs into omissions and arbitrary decisions while implementing approved parameters." He further claims that the Mallol consortium's proposal does not meet the statutory minimum requirements", reported an article in Prensa.com.

Six Bids for Designing Panama's Financial Tower

October 2010

Six consortiums submitted bids for conducting the design and blue prints of the financial tower.

The participating consortiums are Mallol & Mallol, Planos e Inspecciones Técnicas; Consortium Kobi, Krap, FIMS & Suma; Pinzón Lozana and Associates; Consorcio El Arco Chato and Consorcio CGO Bermello Ajamil & Partners. They submitted bids ranging between $ 7.2 million and $ 7.4 million.

Panama: 23 Companies Express Interest in Financial Tower

September 2010

Authorities expect construction to begin in 2011 and that it will be ready in 2013.

Panama's Economy and Finance Ministry (MEF in Spanish), has held a preliminary meeting to discuss the $8 million contract, which includes conceptual design, draft architectural plans and technical specifications for the Financial Tower.

Bidding for Financial Tower in Panama Postponed

September 2010

Reception of bids for conceptual design of the project scheduled for October 4 was postponed until November 18.

The Bid´s reference price of $ 8million includes design as well as architectural and technical specifications.

Prensa.com informs "According to documents, the skyscraper will be more than 300 meters high and top floors would have a gazebo, restaurant and lounge."

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Wakefield Beasley & Associates (WBA), founded in 1980 by Richard Lamar Wakefield and John B. Beasley, Jr., is a privately owned, United States based Architectural design firm. It offers its clients high-quality design across a diversity of corporate capabilities, anchored by an unwavering commitment to providing exceptional service.
Operates in Costa Rica, Honduras and Panama
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