Panama Canal Receives Bids, Dry Excavation

Thursday, December 24, 2009

The Panama Canal Authority (ACP) received four bids on Dec. 22, moving the ACP one step closer to awarding the fourth dry excavation (PAC-4) contract under the waterway’s Expansion Program. Now, the ACP will thoroughly analyze the technical and financial submissions and award the contract in the coming weeks.
 
Similar to the three prior dry excavation projects, the ACP will award the contract to the firm with the lowest-priced bid that meets all of the requirements stated in the request for proposals. Over the next few days, the ACP will review the documents submitted by the lowest bidder to verify the company’s experience, technical capacity, financial strength and bonding before awarding the contract.
 
Below are the companies that submitted bids and the corresponding bid prices:
COMPANY    BID PRICE
Odebrecht    $379,803,132.13
Jan de Nul – Chec    $359,102,231.18
FCC-ICA-Meco    $267,798,795.99
ISC Panamá    $294,913,000.00
(Note: All prices in U.S. dollars.)
 
“We marked an essential milestone today with the receipt of the PAC-4 bids and appreciate the interest from each competing firm,” said ACP Executive Vice President of Engineering and Program Management Jorge L. Quijano. “As the second largest expansion contract, PAC-4 represents the most complex project after the construction of the new set locks. As usual, this will undergo the same fair, rigorous and transparent contracting process.”
 

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

Contracts

MNZ & AMSA Award McMurdo COSPAS-SARSAT Contract

McMurdo Group’s Techno-Sciences Inc. says it has been chosen by the Australia Maritime Safety Authority (AMSA) and Maritime New Zealand (MNZ) to deploy their next-generation

Panama Canal Infrastructure to be Valued by VRC

Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams,

Box Ships on Slippery Containership Slope in Q2

"The reduced charters on the 'Box Queen', 'CMA CGM Marlin' and 'CMA CGM Kingfish' were the contributing factors to the 24% decline in our adjusted time charter revenues year over year,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.2652 sec (4 req/sec)