Tender for Fourth Bridge Over Canal SuspendedThursday, July 5, 2018 Due to an appeal claim presented by the Astaldi - Daelim Consortium, the suspension has been ordered of the tender act for the design and construction of the fourth bridge over the Panama Canal, in which Chinese companies obtained the best rating. In the qualification process carried out by the tender board, the consortium formed by the companies China State Construction Engineering Corporation LTD and China Railway Group Limited, was the winner of the tender with an economic proposal of $1.42 billion and an overall score of 69,9%. Metro Line 3: Offers PostponedThursday, March 21, 2019 April 2 is the new date set for the submission of proposals for the design and construction of Line 3 of the Panama Metro, which will reach Ciudad del Futuro in Arraijan. However, because Metro de Panamá S.A. is publishing specifications and the companies have requested more time to adapt their proposals, it has been decided to postpone the delivery of the documentation for the second time. Lack of Planning and Design in Public WorksTuesday, November 27, 2012 The Guatemalan Association of Construction Contractors has pointed to a weaknesses in procurements by the state. According to an article in S21.com.gt "... the president of the Guatemalan Association of Construction Contractors (AGCC), Alvaro Mayorga, ... said that while government institutions meet important requirements to make the projects transparent, because they don’t have a planning and design office, the projects lack of quality and their costs are too high". $111 Million Awarded for UrbanizationThursday, December 13, 2018 Ingenieria Rec, S.A. was awarded the urban renewal project "Altos de Los Lagos - Second Stage," which consists of the construction of 1,620 homes on a 23-hectare site. On December 12th, the contract for the urban renewal project of the City of Colon was published in the portal PanamaCompra, which includes a second phase located on a polygon of about 23 Hectares, in Los Lagos sector, Cristóbal neighborhood, Colón District, Province of Colón and which will be called "Altos de Los Lagos Project - Second Stage." The Offers to Build a Bridge Over the CanalFriday, June 29, 2018 Between $1.211 billion and $1.813 million is the range of proposals submitted by companies interested in designing and building the fourth bridge over the Panama Canal. Of the four pre-qualified companies, Dragados Sucursal Panamá S.A., chose not to present their proposal at the event convened by the institution. Chinese to Build Bridge Over the CanalMonday, July 2, 2018 After two proposals were disqualified and another participant withdrew, the consortium formed by two Chinese state construction companies won the tender to design and build the fourth bridge over the Panama Canal. After Dragados Sucursal Panama, the company that had obtained the best qualification decided to withdraw from the contest, the road was paved for the consortium made up of the companies China State Construction Engineering Corporation LTD and China Railway Group Limited, to win the contest with a economic proposal of $1.42 billion and a score of 69,9%. Tender to Extend Metro Line 2 DelayedWednesday, August 8, 2018 August 31 is the new date to submit proposals to design and build the branch that will connect the future Higher Technical Institute of the East, with Tocumen International Airport. Metro de Panamá has granted a second extension to the deadline for delivery of bids, so that the companies interested in the tender can present their proposals for the work, which consists of the construction of a stretch of two kilometers, which will have two stations. $66 Million Tender for Road Work PostponedFriday, October 26, 2018 The submission of proposals for the design and construction of a vehicular walkway and road interchange on the Cabuya roundabout in the province of Panama was postponed until November 30th. The Ministry of Public Works decided to change from October 30th to November 30th, the deadline to receive proposals for the road work with a reference value of $66.0570.156. Another Obstacle to the Fourth Bridge over the CanalFriday, August 23, 2019 The National Assembly created a commission to investigate the public contracting process by which the Panama Fourth Bridge Consortium was awarded the contract for the design and construction of the fourth bridge. After multiple delays in the tender process, the Varela administration and the Panama Cuarto Puente Consortium, made up of China Communications Construction Company LTD and China Harbour Engineering Company LTD, signed the contract for the work in question in November 2018. Controversy Over $218 Million Road ProjectThursday, January 31, 2019 After PowerChina in Costa Rica won the contract to expand a section of highway in Guanacaste, one of the participating consortia appealed the results, arguing that the requirements had been modified in the tender. The road work awarded to PowerChina in 2018 consists of a total of 50 kilometers, distributed in two tenders, one for the San Gerardo-Limonal section and the other for the Barranca-San Gerardo section. Metro Line 3 Tender is AdvancingThursday, October 11, 2018 The process of approval of the tender for the design and construction of Line 3 of the Panama Metro began with a meeting between the seven pre-qualified groups and a visit to the site. From the Metro de Panamá S.A. press release: Progress in Transmission Line TenderWednesday, July 3, 2013 Thirteen companies have toured the Etesa power substations as part of the bidding process for the design, supply, construction and financing of the third transmission line of 230 kilowatts. According to Argelis Echazabal, Project Manager at Empresa de Transmisión Eléctrica S.A. (Etesa), the tour is part of the bidding process as indicated in the tender conditions, so that bidders can obtain all the necessary field information for preparing their proposals. Panama: 40 Companies Interested in Electricity TenderThursday, June 13, 2013 An award will be given for the construction of the third transmission line Veladero-Llano -Sánchez-Chorrera Panama of 230 kilowatts, and the Associated Substations. The companies who attended the clarification meeting of the tender sought to extend the deadline for the receipt of bids, set for next July 1.
BUSINESS OPPORTUNITY
Tender of $8 Million in InsuranceMonday, July 13, 2020 The insurance for the construction of the civil works, auxiliary installations of line and stations, supply and installations of the integral system, of the Line 3 of the Panama Subway, is tendered for 54 months. Panama Government Purchase 2020-2-80-0-08-LP-002878: Qualified Bids to Build Metro Line 3Tuesday, November 19, 2019 The proposal of the HPH Joint Venture Consortium was the one with the best qualification in the tender for the design and construction of Line 3 of the Panama Metro, which will reach Ciudad del Futuro in Arraijan. The business conglomerate with a score of 893 points is composed of Hyundai Engineering & Construction Co., Ltd. - POSCO - Hyundai Engineering Co. Ltd, official sources reported. |
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