HPC Contratas P & V will not finish the construction of public markets and supply stores in La Chorrera, and the bond company will have to hire another company or pay the performance bond.
After three years of cessation of work by the contractor due to liquidity problems in the consortium HPC Contratas P & V, the state run Mercado Nacional de la Cadena de Frío decided to terminate the contract.
HPC Contratas P & V has announced it will resume construction of public markets and supplies to La Chorrera, and if progress is not demonstrated in the next three months, the bond will be implemented.
Prensa.com reports that "...The contractor, under investigation for alleged diversion of public fundsin the construction of the Convention Center at Amador, has promised to resume work on Tuesday, November 29, 2016. "
Ten consortia have submitted bids for the construction and equipping of the Public Market and Food Market of La Chorrera.
With a reference price of $25 million, bids ranged from the $22.5 million offered by the Spanish consortium Acciona Infrastructures to $27.4 million offered by Cocige SA.
"HPC Contratas, IBT, Elecnor, Heymocol Procomon, Consultores Profesionales de Inginiera, FCC Construccion and Semi y Omega are the other groups interested in this best value tender. The evaluation committee will have five days to analyze the proposals", reported Prensa.com.
Omega Engineering Inc. has been awarded the contract to build and equip the new site for the public market in the city of Colon.
The official reference price for the Colon market was $18 million and the Omega Consortium,offered $ 17,779 000.
"In the best value tender with a reference price of $18 million, bids from Constructora Urbana, S.A., (Cusa), and Construcciones Civiles Generales, S.A.", were disqualified ", reported Prensa.com
The IBD has finalized a syndicated operation with three impact investors to support a line of credit that will finance the modernization of municipal markets.
A press release from Inter-American Development Bank (IDB) reads:
“The Inter-American Development Bank (IDB) has finalized a syndicated loan of U.S. $19 million from three impact investors to support a new line of credit to finance the modernization of municipal markets in El Salvador.
The consortium Cleop, S.A-Mejores Acabados S.A., has been awarded the construction and equipping of the new David public market in Panama.
This infrastructure, which forms an integral part of the Cadena de Frío (Cold Chain) project will allow butchers, vegetable vendors and hawkers to conduct their business safely and with allow more space for users to buy safely, and in hygienic conditions.
The Ministry of the Presidency is inviting bids for the construction and equipping of a Public Market in Panama City.
The Ministry of the Presidency by using the tender system hopes to hire one firm to carry out the both the construction work and equip the market after reviewing the results of the final designs and plans undertaken by the Central Markets Supply Company, Inc. (MERCASA).
A single offer was received for construction and equipping of a public market in David, Chiriqui.
The only bid was submitted by CCE Infrastructure, with a total of $ 13.46 million. The reference amount was $ 9 million.
"... the proposal will be reviewed by the evaluation commission, which will submit a technical and financial report within the next five days," adds Prensa.com.
The Cold Chain Department invited bids for building and equipping a Public Market in David, Chiriqui.
Tender rules are posted at the Panamacompra.gob.pa. web portal and the target date for submission of proposals is March 2nd, 2011.
This facility in David, which will have a market area of 20 thousand people and will benefit about 200 retailers in the zone, is part of the innovative project the government is pushing of building public markets.
The IDB loan will increase competitiveness and incomes of micro business.
The municipal markets of El Salvador will modernize and improve operations and facilities with a loan of U.S. $ 10 million from the Opportunities for Majorities of the Inter-American Development Bank. The initiative includes other loans of up to similar amount syndicated to international lenders.