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

As long as there is no appeal, the works will be awarded on Monday.

Source: Prensa.com

More on this topic

Six Bids for Panamanian Public Market

September 2011

Six companies have submitted proposals for the project to be built in Colon, the third of eight public markets to be developed across the country.

A press release from the Presidency of the Republic of Panama reads:

The official reference price for the Colon market is 18 million dollars ($18 million)

Seven Bids for Panamanian Public Market

July 2011

Seven consortia have submitted bids for the construction and equipping of a market in Panama City, a project worth over $100 million.

The company's suppliers and their proposals are: Facilities and Services SACODEPO ($118, 900,000), SA Sacyr ($126,447,000), MCM Global ($124,999,000), Assignia-Cocige ($126,495,000), SA-Cleop Elecnor SA ($109,968,000), Omega Engineering ($126,500,000) and the Consortium Arranz kinase-Riva SA ($120,240,000).

Spanish Consortium to Build David Market

May 2011

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.

Panama: Single Offer for Public Market

March 2011

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.