Six Bids for Designing Panama's Financial Tower

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

Wednesday, October 20, 2010

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.

"An evaluation committee composed of architects, engineers and representatives of the real estate sector will discuss the proposals," published "Once the winning company is known, the bid for the construction phase of the tower will begin."

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

Mallol Favorite for Panamanian Financial Tower

November 2010

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

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.

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