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.
"At the meeting the minister, Alberto Vallarino, stated that the project must be structured in a way that ensures its construction can begin next summer, at the very least the car parking areas and perimeter walls," reports Prensa.com.
The tower will house public sector financial institutions and private companies that wish to rent office space.
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.
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