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

Costa Rica: Termination of Road Contract Under Consideration

November 2017

Due to a delay and an exaggerated increase in the cost of the project, consideration is being given to termination of the contract for the construction of the new road to San Carlos and reallocation of the pending works through several separate contracts.

The contract to build the 29.7-kilometer stretch of road between Sifón, San Ramón, and La Abundancia, in San Carlos, was awarded more than 9 years ago to the company Sánchez Carvajal, at an initial cost of $61 million. Since then, the cost of the project has increased 250% to $213 million.

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.

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.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Macy's store stock clothing from US

We are offering store stock, Jobout, Customer returns women's, men's, children's clothing, accessories, shoes and many other categories from Macy's store.
Store Stock. Jobout. Customer returns. Categories: -...

Stock Indexes

(Nov 22)
Dow Jones
S&P 500


(Nov 24)
Brent Crude Oil
Coffee "C"