ACP Announces “Best Value”

Thursday, July 09, 2009

After months of technical review, the Panama Canal Authority (ACP) has determined the “best value” proposal for the new locks expansion contract. Consortium Grupo Unidos por el Canal – composed of Sacyr Vallehermoso S.A., Impregilo S.p.A., Jan De Nul n.v. and Constructora Urbana, S.A. – garnered the highest total points for its combined technical and price scores. Three consortia competed to win the largest and most important contract under the Canal’s Expansion Program.

In a public ceremony, the ACP first presented the scores obtained from the technical evaluations and opened the price proposals submitted by all three consortia. The ACP opened the sealed price proposals and revealed the technical scores before its outside auditing firm and a Public Notary, and then calculated a final weighted score live on-screen. The points for the price proposal and technical evaluation from each consortium were then combined and the highest total score became the “best value” offer. The base price of $3,118,880,001.00 submitted by Grupo Unidos por el Canal does not exceed the ACP’s owner’s allocated price of $3.481 million.

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