Panama Canal Awards Locks Contract

Friday, July 17, 2009

The Panama Canal Authority (ACP) announced that Consortium Grupo Unidos por el Canal will design and build the waterway's new set of locks, the most anticipated project of the Panama Canal Expansion Program.

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., was one of three world-renowned consortia vying for the largest and most important contract under the Canal's expansion.

The ACP revealed that Grupo Unidos por el Canal submitted the "best value" proposal for the new set of locks contract during a public event held Wednesday, July 8. The event, broadcast live on Panamanian television and the ACP Web site, was attended by Panamanian President Ricardo Martinelli and many high-ranking government officials. The winning consortium garnered the highest total points for its combined technical and price scores.

At the July 8 event, the ACP revealed the technical scores and opened the consortia's sealed price proposals. All scores were displayed on large video screens -- in the presence of a Public Notary and the ACP's independent auditing firm, Deloitte, which attested that the established evaluation process was thoroughly followed by the ACP Technical Evaluation Board. The ACP then calculated a final weighted score -- constituting 55 percent for the technical proposal and 45 percent for the price submission -- live and 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 did not exceed the ACP's owner's allocated price of $3,481,000,000.00.

Following the "best value" determination last week, the Price Verification Board, an independent group of ACP employees not involved with the Technical Evaluation Board, ensured that the consortium's price proposal complied with the established requirements of the ACP. In addition, the ACP Contracting Officer confirmed the contractor's qualifications pursuant to the established ACP contracting regulations.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

USCG Monitoring Barge adrift in Beaufort Sea

U.S. Coast Guard personnel and Canadian federal agencies, including the Canadian coast guard, Transport Canada and Environment Canada, are monitoring a 134-foot

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1028 sec (10 req/sec)